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Albertsons sues Kroger
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.
Albertsons is now suing Kroger for billions. That won’t help it find another buyer, analysts say.
Grocery-store giant Albertsons Cos. said Wednesday that it is walking away from its merger with rival Kroger Co., a day after two judges blocked it.
How much grocery prices would have risen in Washington if Kroger-Albertsons merger went through
Should the merger have proceeded, the Kroger-Albertsons conglomerate would have had 75% market share in 57 different city areas in Washington.
15h
on MSN
Two rulings: Federal and Washington state judges block Kroger-Albertsons merger
"Plaintiffs (the FTC) are likely to succeed on the merits and the equities weigh in favor of an injunction. Accordingly, ...
14h
King County Superior Court judge issues permanent injunction on Kroger-Albertsons merger
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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