Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
(AP) - 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.
Kroger-Albertsons merger dealt another blow in Washington state
The Washington ruling marks the second major blow to Kroger and Albertsons’ plan to combine, coming shortly after Judge Adrienne Nelson of the U.S. District Court in Portland, Oregon, issued her ruling granting a preliminary injunction in favor of the Federal Trade Commission.
Two judges, one federal and another in Washington state, ruled on Tuesday against Kroger ’s $25 billion takeover bid for ...
Judges overseeing two separate cases to block the $24.6 billion merger of Kroger and Albertsons put a halt to it on Dec. 10.
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