The Albertsons-Kroger Mega-Merger Is Dead

Albertsons said Wednesday that it is terminating its $25 billion merger agreement with Kroger and suing its rival, ending a controversial bid to combine two of the largest grocery companies in the U.S.from moving forward. The judge in the case found that the Federal Trade Commission was likely to prevail in its argument that the merger violates antitrust law.

“Kroger willfully breached the Merger Agreement in several key ways, including by repeatedly refusing to divest assets necessary for antitrust approval, ignoring regulators’ feedback, rejecting stronger divestiture buyers and failing to cooperate with Albertsons,” the company said in a statement.Faye Guenther, president of local UFCW 3000, holds a sign during a news conference about the Kroger and Albertsons merger outside the federal courthouse on Aug. 26 in Portland, Oregon.

Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all.. We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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 »

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 »

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 »

Albertsons terminates US$25-billion merger with Kroger, sues rival for alleged breach of contractAlbertsons said it was suing due to Kroger’s failure to take ‘any and all actions’ to get the deal approved
출처: globeandmail - 🏆 5. / 92 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 »