Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

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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 US$24.6 billion agreement.

A sign for Albertsons grocery store is seen on a shopping cart, Aug. 26, 2024, in Lake Oswego, Ore. 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 US$24.6 billion agreement.

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Kroger-Albertsons Merger Blocked By Federal JudgeDave Jamieson has been HuffPost's labor reporter since 2011. Before joining the D.C. bureau, he was a staff writer at Washington City Paper and a freelancer contributing to Slate, the New Republic, the Washington Post and Outside magazine, among other outlets.
La source: HuffPostCanada - 🏆 61. / 53 Lire la suite »

Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judgesThe proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal.
La source: CTVNationalNews - 🏆 82. / 51 Lire la suite »

A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. U.S.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Proposed merger of Kroger and Albertsons is halted by federal, state judgesThe proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger. U.S.
La source: SooToday - 🏆 8. / 85 Lire la suite »