Albertsons is Sterling 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 03:07164 view
2025-05-05 01:40684 view
2025-05-05 01:382116 view
2025-05-05 01:31319 view
2025-05-05 00:381774 view
2025-05-05 00:252230 view
Broadway is getting a little stranger."Stranger Things: The First Shadow," a prequel based on smash-
PRAGUE (AP) — Massive flooding in Central Europe killed five more people in Poland and one in Czech
TALLAHASSEE, Fla. (AP) — A Florida sheriff fed up with a spate of false school shooting threats is t