Albertsons and Kroger agree to pause merger amid legal, regulatory challenges

Kroger and Albertsons on Thursday agreed to temporarily pause their proposed $25 billion merger while regulators pursue legal challenges in an effort to block the deal. The two companies agreed to a temporary injunction that puts the merger on hold while a lawsuit filed by Colorado plays out. The move negates the need for a preliminary injunction hearing that had been scheduled to occur next month. "The trial is set to begin on Sept.

Kroger CEO Rodney McMullen said in April that the plan is designed to "ensure no stores will close as a result of the merger and that all frontline associates will remain employed, all existing collective bargaining agreements will continue, and associates will continue to receive industry-leading health care and pension benefits alongside bargained-for wages.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

91 Colorado grocery stores to be sold if Kroger-Albertsons merger goes throughJeff is a digital journalist with the Denver7 team.
Sumber: DenverChannel - 🏆 239. / 63 Baca lebih lajut »

Kroger-Albertsons merger could lead to sale of 91 stores across ColoradoKroger and Albertsons would unload 91 grocery stores in Colorado if the companies prevail in lawsuits and regulators’ opposition to a merger of the two large supermarket chains.
Sumber: denverpost - 🏆 13. / 72 Baca lebih lajut »

Kroger-Albertsons merger temporarily halted by Colorado judge until SeptemberÓscar A. Contreras is a Murrow-nominated journalist who has been writing for the E.W. Scripps Company since January 2014.
Sumber: DenverChannel - 🏆 239. / 63 Baca lebih lajut »

Kroger announces 35 Chicago area Mariano's, Jewel-Osco stores to be sold for Albertsons mergerKroger announces 35 Chicago area Mariano's, Jewel-Osco stores to be sold
Sumber: cbschicago - 🏆 546. / 51 Baca lebih lajut »

Kroger discloses plan to sell 63 supermarkets in California as part of its merger with AlbertsonsSupermarket giant Kroger Co. announced plans to offload more than 60 supermarkets in California as part of its planned merger with Albertsons.
Sumber: latimes - 🏆 11. / 82 Baca lebih lajut »