Albertsons announced Wednesday it is pulling out of its plans to merge with Cincinnati-based Kroger, citing two court rulings on Tuesday barring the transaction. Also, it disclosed it's suing ...
Albertsons sued Kroger after a US judge blocked the merger of the supermarket giants, claiming Kroger failed to exercise “best efforts” and take “any and all actions” to secure regulatory ...
(Reuters) -Albertsons and Kroger terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging a breach of contract that led to ...
The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger.U.S. District Court Judge Adrienne ...
One multi-billion merger partner bailed out after two court rulings went against the long-pending Kroger-Albertsons merger. Albertsons has gone from being a merger partner with Kroger to seeking ...
CHICAGO -- Kroger and Albertsons' plan for the largest U.S. supermarket merger in history crumbled Wednesday, with Albertsons pulling out of the $24.6 billion deal and the two companies accusing ...
Kroger’s $25 billion proposed takeover of rival Albertsons ultimately failed because two judges – one federal and the other from the state of Washington – didn’t buy the competitive vision ...
Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn't do enough to secure regulatory approval for the $24.6 billion agreement.The move came the day ...
NEW YORK, Dec 11 (Reuters) - Kroger (KR.N), opens new tab and Albertsons (ACI.N), opens new tab could turn to fast-growing and profitable advertising ventures to tackle competition and grow after ...