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 ...
Albertsons, a grocery company that owns chains around the country, including New England-based brands Shaw's and Star Market, announced Wednesday that it is pulling out of plans to merge with Kroger.
Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract. "Given the ...
Thwarted by federal and state judges, Albertsons gave up on its proposed $24.6 billion sale to Kroger and sued its would-be merger partner. Wednesday’s lawsuit comes a day after a federal judge ...
Albertsons is poised to sue for their deal termination fee which, if obtained, would most likely kill any chance for a future deal. ACI was priced on the merger closing and now remains very ...
On Tuesday, they were partners. On Wednesday, they were angry divorcees. Albertsons called off its proposed sale to Kroger and sued the rival grocer for billions of dollars the morning after a ...
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 each other ...
A federal judge in Oregon blocked Kroger’s $24.6 billion acquisition of grocery rival Albertsons on Tuesday, marking the possible end of what would have been the largest supermarket merger in U ...
The largest proposed merger in US supermarket history has collapsed. Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal.
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. Kroger and ...