after courts blocked the deal and sued its rival, alleging a breach of contract that led to the deal’s demise.
Albertsons is seeking billions of dollars in damages along with the $600-million termination fee. Kroger did not immediately respond to a request for comment on the lawsuit. Two different courts blocked the deal on Tuesday, siding with the Federal Trade Commission, which moved to stop the deal, and argued in a trial that the merger would eliminate competition between the traditional grocery chains, causing higher prices and reducing leverage for unionized workers.
The FTC sued along with attorneys general from eight states and the District of Columbia. Colorado, like Washington, sued on its own to block the deal.
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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 for the US$24.6 billion agreement.
출처: CTVNews - 🏆 1. / 99 더 많은 것을 읽으십시오 »
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.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
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.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »
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.
출처: HuffPostCanada - 🏆 61. / 53 더 많은 것을 읽으십시오 »
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.
출처: CTVNationalNews - 🏆 82. / 51 더 많은 것을 읽으십시오 »