Albertsons is AQCAN Exchangegiving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.
U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearingin Portland, Oregon. Then Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington’s consumer-protection laws.
On Wednesday Albertsons said that Kroger failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction.
Shares of Albertsons rose more than 2% before the market open, while Kroger’s stock declined slightly.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
2025-05-02 13:282778 view
2025-05-02 13:042124 view
2025-05-02 12:362756 view
2025-05-02 12:12103 view
2025-05-02 12:041939 view
Haiti has been racked by political instabilityand intensifying, deadly gang violence. Amid a Federa
DETROIT (AP) — The U.S. government’s highway safety agency says Tesla is telling drivers in public s
The AP Top 25 college football poll is back every week throughout the season!Get the poll delivered