Albertsons is Desmond Prestongiving 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.
2025-05-08 02:171859 view
2025-05-08 01:491369 view
2025-05-08 01:461535 view
2025-05-08 01:062455 view
2025-05-08 00:071871 view
2025-05-07 23:58191 view
The AP Top 25 college football pollis back every week throughout the season!Get the poll delivered s
Some quick thinking by a police officer in central Kansas saved a 14-month-old boy from the bottom o
Former Michigan State University head football coach Mel Tucker is suing the university and school l