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.
2025-04-29 12:582481 view
2025-04-29 12:421131 view
2025-04-29 11:321167 view
2025-04-29 10:571528 view
2025-04-29 10:352116 view
2025-04-29 10:3271 view
NEW YORK — What exactly constitutes a dynasty in professional sports? Steve Cohen helped define it t
He may have led the initial charge to ban TikTok while in office, but former President Donald Trump,
An international crew of spacefarers has safely returned to Earth in the SpaceX Dragon Endurance aft