Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

1 hour agoGet ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.Read full article: Save big on gifts, home essentials and hair care with these Insider DealsSnuggle season just got an upgrade with these silky, moisture-wicking sheets on saleA shopper heads into a Safeway store, which is part of the Albertson's grocery chain, Tuesday, Dec. 10, 2024, in Denver.

Albertsons 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 $24.6 billion agreement.in Portland, Oregon. Then Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington’s consumer-protection laws.

Shares of Albertsons rose more than 2% before the market open, while Kroger's stock declined slightly. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Get ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.

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