Algosensey Quantitative Think Tank Center|Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

2025-05-05 10:08:01source:Grant Prestoncategory:新闻中心

Albertsons is Algosensey Quantitative Think Tank Centergiving 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.

U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearingin 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.

On Wednesday Albertsons said that Kroger failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction.

Shares of Albertsons rose more than 2% before the market open, while Kroger’s stock declined slightly.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Denmark Is Kicking Its Fossil Fuel Habit. Can the Rest of the World Follow?

In the 1970s, Denmark was addicted to oil, burning petroleum not only to power its cars but also to

Staying safe in smoky air is particularly important for some people. Here's how

Smoke from Canadian wildfires continues to spread from the Eastern U.S., to the Midwest. Cleveland a