Albertsons sues Kroger after calling off $25bn supermarket merger

Albertsons has ended its proposed combination with Kroger and filed a lawsuit against its would-be acquirer, after two separate judges blocked the companies’ plan for the largest supermarket merger in US history. Albertsons on Wednesday announced the decision to call a halt to the $25bn deal, which had been dogged by competition concerns.

Ferguson, who is already an FTC commissioner, is expected to usher in a more relaxed agenda towards transformative mergers and acquisitions. Kroger and Albertsons, two of the largest grocery chains in the US, argued the tie-up would help them withstand competition from grocery rivals and retailers Walmart, Amazon and Costco. The deal would have formed a supermarket behemoth, with a combined 5,000 stores across 48 US states. It has been bogged down in litigation since it was agreed in 2022.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

US judge blocks $25bn Kroger-Albertsons grocery mergerDeal challenged by Federal Trade Commission would consolidate two of the country’s biggest supermarket operators
مصدر: FT - 🏆 113. / 51 اقرأ أكثر »

Kroger-Albertsons $25bn grocery merger blocked by US judgeCountry’s two biggest supermarket operators suffer a potentially fatal blow in their efforts to consolidate
مصدر: ftenergy - 🏆 47. / 63 اقرأ أكثر »