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Kroger Stock Ends Higher
Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
Kroger's $24.6 billion acquisition of Albertsons was blocked by a federal judge. Lawyers for the companies previously said this would sink the deal.
Federal judge blocks Kroger-Albertsons merger, says it would ‘remove competition’
A federal judge has blocked supermarket chain Kroger Co.’s merger with rival Albertsons Cos., saying it would stifle competition in the grocery industry.
Kroger-Albertsons Merger Blocked By Federal Judge
U.S. District Court Judge Adrienne Nelson issued an order Tuesday granting a preliminary injunction to halt the $25 billion deal. Nelson found that the FTC and several state attorneys general were likely to prevail in their argument that the merger violates antitrust law.
2h
Judges block Kroger-Albertsons merger. A prolongued legal battle risks threatening investors’ patience.
A federal judge has blocked supermarket chain Kroger Co.’s merger with rival Albertsons Cos., saying it would stifle ...
1h
on MSN
Kroger $24.6 billion purchase of Albertsons halted by federal judge
Merger would curtail competition for grocery shoppers, Oregon court finds in a decision that could derail the deal.
11h
Kroger CEO McMullen gives Albertsons acquisition update, explains future plans
Kroger Co. CEO Rodney McMullen talked publicly Dec. 5 about where things stand on the supermarket giant’s planned $24.6 ...
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