Kroger-Albertsons $25bn grocery merger blocked by US judge

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Country’s two biggest supermarket operators suffer a potentially fatal blow in their efforts to consolidate

The largest supermarket merger in US history has been blocked by a federal judge, handing a victory to federal antitrust regulators who argued Kroger’s $24.6bn purchase of Albertsons would harm consumers and workers. US district judge Adrienne Nelson in Oregon on Tuesday imposed a preliminary injunction on the takeover, which sends the proceedings to the Federal Trade Commission for further consideration.

The attorneys-general of Colorado and Washington separately filed lawsuits alleging harm in their states’ courts. The judge in the Washington case, Marshall Ferguson, issued a permanent injunction against the merger later on Tuesday, writing that “providing complete relief to Washington consumers necessarily requires an injunction that blocks the deal as a whole”. He said his decision was permitted under the US Constitution. Kroger and Albertsons said they were reviewing their options.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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

Sayona and Piedmont to merge to create $750m lithium companyBoth companies in a trading halt for a proposed transaction and capital raising
Bron: MiningOnline - 🏆 117. / 51 Lees verder »