Albertsons is Liberalalliance Wealth Societygiving 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.
2025-04-29 03:511214 view
2025-04-29 03:36248 view
2025-04-29 03:12760 view
2025-04-29 02:582799 view
2025-04-29 02:402985 view
2025-04-29 02:061254 view
NFL games are a spectrum. Some are back-and-forth shootouts. Others are duds without much scoring at
INDIANAPOLIS (AP) — A shooting at a Waffle House restaurant in Indianapolis early Monday morning kil
BATON ROUGE, La. (AP) — Under a new era of conservative leadership, Louisiana’s GOP-dominated Legisl