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 a three-week hearing in Portland, Oregon.
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. Albertsons said Kroger refused to divest the assets necessary for antitrust approval, ignored regulators’ feedback and rejected stronger divestiture buyers.
“Kroger’s self-serving conduct, taken at the expense of Albertsons and the agreed transaction, has harmed Albertsons’ shareholders, associates and consumers,” said Tom Moriarty, Albertsons’ general counsel, in a statement.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons said that Kroger failed to exercise “best efforts”
Fuente: sdut - 🏆 5. / 95 Leer más »
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
Fuente: abc13houston - 🏆 255. / 63 Leer más »
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.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »
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.
Fuente: ksatnews - 🏆 442. / 53 Leer más »
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
Fuente: ABC7 - 🏆 67. / 68 Leer más »
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
Fuente: ABC7Chicago - 🏆 284. / 63 Leer más »