Albertsons sues Kroger, terminates massive grocery merger
Albertsons sued Kroger after a U.S. judge blocked the supermarket giant's merger, alleging that Kroger failed to use “best efforts” and take “all actions” to obtain regulatory approval. In addition to a $600 million termination fee, Albertsons is seeking “billions of dollars in damages from Kroger to put Albertsons and its stockholders in a healthy […]
Albertsons abandons merger and sues Kroger
Albertsons announced Wednesday that it plans to terminate its $25 billion merger agreement with Kroger and sue the grocery giant, accusing Kroger of not working hard enough to reach the deal. Judges in Washington and Oregon on Tuesday handed the deal a victory for federal regulators and consumer advocates who argued that the merger could […]
Kroger’s $25B deal to buy grocery rival Albertsons blocked by judge
A federal judge on Tuesday blocked the disputed $25 billion merger plan between grocery chains Kroger and Albertsons, but said the merger would likely be struck down if Kroger wins its case with the Federal Trade Commission. I showed my point of view. The FTC argued in a three-week trial in Portland, Oregon, that the […]
Kroger to slash grocery prices by $1B after Albertsons acquisition
Grocery giant Kroger has pledged to slash prices at Albertsons stores by $1 billion following a proposed takeover of rival chain Albertsons, but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to rattle U.S. politics. Kroger is upping the ante on the $25 billion megadeal after promising to […]
Albertsons and Kroger agree to pause merger amid legal, regulatory challenges
The FTC’s competition chief speaks on “The Claman Countdown” about the lawsuit to block the Kroger-Albertsons merger. Kroger and Albertsons The two companies agreed on Thursday to temporarily halt their proposed $25 billion merger while regulators take legal action to block the deal. The two companies Merger Pending The lawsuit filed by Colorado is proceeding. […]
Kroger, Albertsons identify nearly 600 locations they will to get merger approved
See what’s clicking on FoxBusiness.com Kroger and Albertsons, which are considering a merger, have identified 579 grocery stores nationwide to sell from their combined total. The plans to sell the stores are linked to the grocer’s efforts to ease concerns expressed by regulators over Kroger’s proposed acquisition of Albertsons. The stores will be acquired by […]
Kroger, Albertsons to sell 166 more stores with $25B merger in limbo
Scott Moses defended the Kroger-Albertsons merger, claiming the Kraman Countdown would further reduce grocery prices. Kroger and Albertsons announced Monday that the companies are increasing the number of grocery stores they sell to C&S Wholesale Grocers to address federal regulators’ concerns about food impacts. Proposed $25 billion merger About competition. 166 more kroger & albertsons […]
Kroger and Albertsons plan to sell over 400 stores in connection with $24.6B merger
Bart Flickinger, managing director of Strategic Resources Group, analyzes the merger between supermarket giants Kroger and Albertsons in “Kraman Countdown.” Grocery giants Kroger and Albertsons announced plans to sell more than 400 stores and other assets in connection with a proposed $24.6 billion merger last fall, paving the way for the grocery chains to join […]
