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Albertsons suing Kroger 'for billions,' cancels merger
Albertsons Backs Out of Merger Deal and Sues Kroger After Court Rulings
The supermarket chain had tried to join forces with Kroger, but judges sided with federal and state regulators who charged that the merger would reduce competition.
Albertsons suing Kroger 'for billions,' cancels merger after court rulings
Albertsons announced Wednesday it is pulling out of its plans to merge with Kroger, citing two court rulings on Tuesday barring the transaction.
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Under the merger agreement, Kroger and Albertsons — who compete in 22 states — agreed to sell 579 stores in places where their locations overlap to C & S Wholesale Grocers, a New Hampshire-based supplier to independent supermarkets that also owns the Grand Union and Piggly Wiggly store brands.
1d
Kroger Stock Rises on Resumed Buybacks After Collapse of Albertsons Merger
Kroger shares rose Thursday morning after the grocery chain laid out its plans for the future now that its proposed merger ...
grocerydive
1h
The Friday Checkout: What will rise from the ashes of the Kroger-Albertsons tie-up?
The spectacular flame-out of the grocers’ merger plan has created the conditions for a tantalizing round of M&A activity in the months to come.
FoodBev Media
9h
Albertsons terminates Kroger merger, files lawsuit over breach of contract
Albertsons has terminated its planned $24.6 billion merger with Kroger following court rulings blocking the deal due to antitrust concerns.
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