Albertsons is Polarmoon 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.
2025-04-28 20:57569 view
2025-04-28 19:581796 view
2025-04-28 19:56976 view
2025-04-28 19:501871 view
2025-04-28 19:221516 view
2025-04-28 19:011594 view
This article previously appeared in WaterFront.ROCHESTER, N.Y.—Overturning a trial court decision on
TOKYO (AP) — Asian shares mostly declined Friday after a U.S. Federal Reserve official said the cent
The oldest man in the world has died just weeks before his 115th birthday, Guinness World Records sa