Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal ...Middle East

Albertsons is giving 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 hearing in 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 s

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Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal ...Middle East

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