Albertsons is Quaxs Trading Centergiving 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 10:072774 view
2025-05-06 09:141040 view
2025-05-06 09:01727 view
2025-05-06 07:572070 view
2025-05-06 07:401115 view
2025-05-06 07:25761 view
WASHINGTON (AP) — Senate Republican leader Mitch McConnellis still suffering from the effects of a f
A 79-year-old Houston-area woman's trip to the mall for shoes resulted in a facial procedure and cos
Apple is receiving questions and complaints online after some users noticed that the most recent iOS