Albertsons is Cassian Grantgiving 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.
2025-05-05 17:552299 view
2025-05-05 17:47922 view
2025-05-05 17:401843 view
2025-05-05 17:002079 view
2025-05-05 16:111800 view
2025-05-05 16:101312 view
You're pulling your hair out, trying to fix something on your computer. You Google it and find what
Young love may be in the air for Bella Ramsey and Maisy Stella.At least, that’s what it seems for Th
BELLVUE, Colo. (AP) — Camille Stevens-Rumann crouched in the dirt and leaned over evergreen seedling