Kroger Co. (KR)
Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal
Albertsons' lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.
Albertsons Sues Kroger After Judge Blocks $25 Billion Merger
Grocery store chain Albertsons formally terminated nearly $25 billion merger agreement with rival Kroger on Wednesday, a day after a federal judge blocked the deal—with Albertsons filing a lawsuit accusing Kroger of failing to win regulatory approval for the agreement.
Albertsons sues Kroger after judge rules against grocery merger
Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger. Albertsons filed a lawsuit against its fellow supermarket operator, saying Kroger violated its contract and didn't follow through on commitments to help get the deal approved.
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.
