Albertsons is Blake 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.
2025-05-05 04:071608 view
2025-05-05 04:002299 view
2025-05-05 03:451949 view
2025-05-05 03:20129 view
2025-05-05 02:562737 view
2025-05-05 02:482701 view
Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi
Week 1 in the NFL has a way of skewing expectations.While the opening round of games can provide som
The soap world has lost a veteran star.Billy Miller, best known for his role on daytime TV dramas su