Good riddance to the merger of grocers Albertsons and Kroger, which would have cost you money

The inside stories of messy marriage breakups have been an entertainment staple since even before Tolstoy observed that 'every unhappy family is unhappy in its own way.' So let's thank the supermarket giants Kroger and Albertsons, whose $24.6-billion merger has collapsed amid mutual recriminations, for their outstanding contribution to the genre. The proximate cause of the breakup was the granting of a preliminary injunction against the deal by U.S. Judge Adrienne Nelson of Oregon.

9-million settlement with the attorneys general of Los Angeles County and six other California counties as well as the FTC over accusations that the chain ripped off customers at hundreds of its Vons, Safeway and Albertsons stores in California. The company didn’t admit to liability in settling the case, but the terms of the final judgment suggest that the counties and the FTC had the goods — or at least had enough evidence that Albertsons thought it wise to make the case go away.

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Court blocks Kroger’s $25 billion acquisition of rival AlbertsonsA U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission in...
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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.
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Federal judge temporarily halts Kroger, Albertsons proposed mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
منبع: fox13seattle - 🏆 328. / 59 ادامه مطلب »

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