Safeway owner breaks off merger with Kroger which would have impacted 105 grocery stores in Colorado ...Middle East

A day after two judges in two lawsuits ruled against the proposed $24.6 billion supermarket merger, Albertsons Companies said Wednesday it would end its merger agreement with Kroger. “Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement. We are deeply disappointed in the courts’ decisions,” Albertsons CEO Vivek Sankaran said. At the same time, the Idaho grocery chain, which owns 105 Safeway and Albertons grocery stores in Colorado, also filed a lawsuit against Kroger for breach of merger agreement because the larger supermarket chain “ignored regulators’ concerns,” the company

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Safeway owner breaks off merger with Kroger which would have impacted 105 grocery stores in Colorado ...Middle East

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