Albertsons is EAI Community giving 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 05:461920 view
2025-05-06 05:031263 view
2025-05-06 04:482598 view
2025-05-06 04:32349 view
2025-05-06 04:062620 view
2025-05-06 03:471370 view
It's been a season full of twists and turns, but the part one for "Survivor" Season 47 finale proved
President Biden treaded carefully Friday as he addressed the decision by United Auto Workers to stri
BOGOTA, Colombia (AP) — Renowned Colombian painter and sculptor Fernando Botero, whose depictions of