Albertsons announced Wednesday that it has given up its merger with Kroger and has filed a lawsuit against the grocery chain. Albertsons filed a lawsuit against Kroger, alleging willful breach of contract in their merger agreement. The complaint, temporarily under seal, accuses Kroger of failing to meet regulatory obligations, including refusing necessary divestitures and disregarding feedback from regulators.
Later Tuesday, 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.Kroger and Albertsons said Tuesday they were disappointed in the decision.The Associated Press contributed to this report. This is a developing story, and will be updated.
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 States United States Latest News, United States United States 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 terminates $25 billion merger, files suit against KrogerAlbertsons on Wednesday terminated its $25 billion merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal.
Source: KSLcom - 🏆 549. / 51 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 kills $25 billion merger with KrogerAlbertsons on Wednesday terminated its $25 billion merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for...
Source: dallasnews - 🏆 18. / 71 Read more »