Albertsons announced on Wednesday it is suing Kroger after a federal judge issued a preliminary injunction to prevent the Kroger Company from acquiring Albertsons on Tuesday. Albertsons says that Kroger failed to make a 'good faith' effort to secure the merger. The company also said that Kroger harmed Albertsons' shareholders and employees by not securing the merger.
'The FTC, along with our state partners, scored a major victory for the American people, successfully blocking Kroger’s acquisition of Albertsons. This historic win protects millions of Americans across the country from higher prices for essential groceries—from milk, to bread, to eggs—ultimately allowing consumers to keep more money in their pockets,' FTC Bureau of Competition Director Henry Liu said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 of the $24.6 billion agreement.
Source: ksatnews - 🏆 442. / 53 Read more »
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
Source: Mynorthwest - 🏆 438. / 53 Read more »
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 of the $24.6 billion agreement.
Source: wjxt4 - 🏆 246. / 63 Read more »
Albertsons gives up on Kroger merger, files lawsuit against grocery chainThis comes a day after the proposed merger between the supermarket giants floundered after judges overseeing two separate cases both halted the deal.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealKatie joined the Denver7 team as a digital content producer in April of 2023.
Source: DenverChannel - 🏆 239. / 63 Read more »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons said that Kroger failed to exercise “best efforts”
Source: sdut - 🏆 5. / 95 Read more »