Albertsons terminates $25 billion merger with Kroger after regulatory hurdle
Albertsons on Wednesday terminated its $25 billion merger agreement with Kroger after the U.S. District Court in Oregon and the King County Superior Court for the State of Washington blocked the deal.
Kroger, Albertsons could turn to ad business as deal termination looms, analysts say
After a federal court blocked the $25 billion Kroger -Albertsons merger, the two supermarket rivals could turn to fast-growing and profitable advertising ventures to tackle competition and grow, analysts said.
Judge Blocks Kroger's $24.6 Billion Albertsons Deal Over Competition Concerns
A federal judge has blocked Kroger's $24.6 billion acquisition of Albertsons on Tuesday (Dec. 10), citing concerns that the deal would reduce competition in the U.S. grocery market, Bloomberg reported. U.S.
Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The judge agreed with the FTC that the merger would weaken competition for US grocery shoppers.
Kroger Stock Ends Higher After Judge Blocks Albertsons Merger
Shares of grocer Kroger (KR) finished Tuesday higher, rising in afternoon trading on the news that a court blocked its planned merger with Albertsons (ACI).
Kroger-Albertsons Merger Blocked by Court
The ruling hands a victory to Biden antitrust enforcers, who said the $20 billion supermarket merger would erode competition and raise prices for consumers.
US judge blocks $25m Kroger-Albertsons grocery chain merger
Judge sides with FTC that merger would lead to higher prices and less bargaining leverage for union workers
Judge Blocks Kroger Takeover of Albertsons
Bloomberg Intelligence senior antitrust litigation analyst Jennifer Rie breaks down why a US district judge blocked Kroger's $24.6 billion takeover of Albertsons. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: Click Here Follow us on X: Click Here Subscribe to our Podcasts: Bloomberg Daybreak: Click Here Bloomberg Surveillance: Click Here Bloomberg Intelligence: Click Here Balance of Power: Click Here Bloomberg Businessweek: Click Here Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: Click Here Android Auto: Click Here Visit our YouTube channels: Bloomberg Podcasts: Click Here Bloomberg Television: Click Here Bloomberg Originals: Click Here Quicktake: Click Here
Kroger's $25B deal to buy grocery rival Albertsons blocked by federal judge in win for Biden administration
The companies argued at trial that they needed to merge to compete with global conglomerates such as Walmart and Amazon.
Federal judge temporarily blocks Kroger's $25 billion merger with Albertsons
A U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission (FTC) in a win for the Biden administration.
$25 Billion Kroger-Albertsons Merger Blocked By Federal Judge
A federal judge blocked a $24.6 billion merger between Kroger and Albertsons on Tuesday, ruling against the merger over concerns it would lessen competition in the supermarket sector.
Federal judge blocks Kroger's $25B acquisition of Albertsons
A federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
