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.

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

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