Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.in separate court cases. U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding ain Portland, Oregon.
Albertsons said Kroger refused to divest the assets necessary for antitrust approval, ignored regulators’ feedback and rejected stronger divestiture buyers. Kroger said that it disagrees with Albertsons “in the strongest possible terms.” It said early Wednesday that Albertsons was responsible for “repeated intentional material breaches and interference throughout the merger process.”Bellevue police crack down on holiday shoplifting: ‘Expect to go to jail’
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons 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 of the $24.6 billion agreement.
Source: ksatnews - 🏆 442. / 53 Read more »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons 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
Source: Mynorthwest - 🏆 438. / 53 Read more »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons 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 of the $24.6 billion agreement.
Source: wjxt4 - 🏆 246. / 63 Read more »
Albertsons gives up on Kroger merger, files lawsuit against grocery chainThis comes a day after the proposed merger between the supermarket giants floundered after judges overseeing two separate cases both halted the deal.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealKatie joined the Denver7 team as a digital content producer in April of 2023.
Source: DenverChannel - 🏆 239. / 63 Read more »