Albertsons sues Kroger, backs out of $25B merger after courts block the deal

Albertsons has filed a lawsuit against Kroger one day after federal judges blocked a potential $24.6 billion merger deal.

Topics

Albertsons Backs Out of Merger Deal and Sues Kroger After Court Rulings

The supermarket chain had tried to join forces with Kroger, but judges sided with federal and state regulators who charged that the merger would reduce competition.
The New York Times - 2h
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 - 4h
Business leaders warn Reeves about the impact of her Budget tax rises

Banking, energy and transport executives voice concerns in meeting with UK chancellor
Financial Times - 7h
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 - 8h
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.
The Wall Street Journal - 1d
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 - 8h
Albertsons abandons merger and sues Kroger

Albertsons said Wednesday that it has terminated a $25 billion merger agreement with Kroger and will sue the grocery giant, alleging the company didn’t do enough to get the deal done. Judges in ...
The Hill - 8h
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 - 9h
Federal judge blocks $25B Kroger-Albertsons merger, but leaves door open for future deal

A federal judge on Tuesday blocked the proposed $25 billion merger of grocery giants Kroger and Albertsons, ruling that the deal would limit competition and harm consumers, but the judge left the ...
The Hill - 1d