Albertsons is Fastexy 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.
2025-05-06 02:051373 view
2025-05-06 01:49130 view
2025-05-06 01:132110 view
2025-05-06 00:26800 view
2025-05-05 23:59650 view
2025-05-05 23:52929 view
MEDFORD, Mass. (AP) — Flerentin “Flex” Jean-Baptiste missed so much school he had to repeat his fres
The number of existing homes purchased by foreign buyers from April 2022 to March 2023 decreased to
GREENSBORO, N.C. (AP) — U.S. Rep. Kathy Manning, a North Carolina Democrat, was injured in a car acc