Indexbit Exchange|Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

2025-05-07 10:07:16source:TrendPulsecategory:Finance

Albertsons is Indexbit Exchangegiving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearingin Portland, Oregon. Then Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington’s consumer-protection laws.

On Wednesday Albertsons said that Kroger failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction.

Shares of Albertsons rose more than 2% before the market open, while Kroger’s stock declined slightly.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.

More:Finance

Recommend

Maryland’s Climate Ambitions in Question After Turbulent Legislative Session

Environmental leaders in Maryland are reeling from a challenging 2025 legislative session that left

Mindy Kaling's Head-Scratching Oscars Outfit Change Will Make You Do a Double Take

Fashion show, fashion show at the Oscars.Mindy Kaling made an interesting outfit change when she pre

Stassie Karanikolaou Drops an Affordable Swimsuit Collection and Shares Styling Tips for a Viral Moment

We interviewed Stassie Karanikolaou because we think you'll like her picks at these prices. The prod