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Albertsons, Kroger merger scrapped
Albertsons sues Kroger after Oregon, Washington judges block $24.6 billion merger
On Wednesday, the day after a federal judge in Oregon and a state judge in Washington blocked a merger between two supermarket giants, Albertsons canceled the $24.6 billion merger agreement and sued Kroger.
Kroger-Albertsons merger blocked by federal and Washington state judges
Under a divestment plan, C&S Wholesale Grocers would acquire three stores in Port Orchard and a Safeway along Highway 303 in East Bremerton from the merged Kroger-Albertsons. C&S would also take over two stores in Gig Harbor and a QFC in Belfair.
Albertsons ends merger deal, accuses Kroger of ‘self-serving conduct’
Albertsons is suing Kroger for breach of contract and accusing it of failing to exercise its “best efforts” to get regulatory approval for the merger.
Seattle Times
8h
The great grocery merger is dead. Can Albertsons, QFC and others survive?
Still, experts like Jarrad Harford, chair of the finance and business economics department at the University of ...
17h
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
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 ...
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