Albertsons sues Kroger after federal judge blocks merger

Grocery giant Albertsons called off its nearly $25 billion merger with Kroger after a federal judge temporarily blocked the union Tuesday in an effort to protect consumers from increasing costs. Albertsons is also suing the rival grocery chain, claiming Kroger willfully breached the merger agreement. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

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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.
The Wall Street Journal - 7h
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Financial Times - 10h
Albertsons sues Kroger after judge rules against grocery merger

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow ...
NBC News - 11h
Albertsons sues Kroger after judge rules against grocery merger

Albertsons filed a lawsuit against Kroger, saying it violated its contract and didn't follow through on commitments to help get the deal approved.
CNBC - 11h
Albertsons abandons merger with Kroger after a judge temporarily blocked the deal

Albertsons called off a $25 billion merger with rival Kroger after a judge temporarily halted the deal. The grocery chain is also suing Kroger for willful breach of contract and breach of the ...
CBS News - 12h
Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger

The ruling, citing a potential loss of competition, was a victory for the Federal Trade Commission. Later, a Washington State judge blocked the deal on similar grounds.
The New York Times - 1d
Judges block Kroger-Albertsons merger. Continuing the courtroom fight could test investors’ patience.

The supermarket chains said they were disappointed with Tuesday’s court rulings, adding that they are reviewing their options.
MarketWatch - 1d
Federal judge temporarily blocks Kroger-Albertsons merger

A federal judge has temporarily blocked the merger of grocery giants Kroger and Albertsons after a three-week hearing. The Federal Trade Commission sued over the $25 billion deal in February, ...
CBS News - 1d

Albertsons sues Kroger after federal judge blocks merger

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Related

Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal

Business leaders warn Reeves about the impact of her Budget tax rises

Albertsons sues Kroger after judge rules against grocery merger

Albertsons sues Kroger after judge rules against grocery merger

Albertsons abandons merger with Kroger after a judge temporarily blocked the deal

Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger

Judges block Kroger-Albertsons merger. Continuing the courtroom fight could test investors’ patience.

Federal judge temporarily blocks Kroger-Albertsons merger

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