Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
Albertsons is 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.
Proposed $24.6 billion merger of Kroger and Albertsons is halted by federal, state judges
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, asking Nelson to block the $24.6 billion deal until an in-house administrative judge at the FTC could consider the merger’s implications. Nelson agreed to pause the merger.
A federal judge has ruled against Kroger’s $25 billion takeover bid for Albertsons, granting a preliminary injunction ...
Oregon U.S. District Judge Adrienne Nelson, an appointee of President Joe Biden, ruled in favor of the Federal Trade ...
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