Antitrust experts say a few core issues prompted the judges to say no the merger, ultimately dooming the deal.
The company told state officials yesterday that it plans to close ... can't see the video above, click here. The news comes after a federal judge blocked the $25 billion merger of Albertsons and ...
In an historic ruling for labor and antitrust advocates, a federal judge blocked the $25 billion merger of grocery giants Kroger and Albertsons.
Albertsons announced it is pulling out of its plans to merge with Kroger, citing two court rulings barring the transaction.
Nelson added that the companies can still invest in lower prices if the FTC approves the merger in its administrative ... the ...
Kroger’s stock price was up 5.1 percent by market close, while Albertsons ... said Tuesday’s decisions can only bolster its case against the merger. Kroger and Albertsons said in statements ...
Kroger also can appeal the federal court ruling. The FTC argued the merger would ... ruling became public. Albertsons stock slumped 43 cents, or 2.3%, on the day to close at $18.51.
The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two ...
A federal judge blocked Kroger Co.'s planned $24.6 billion acquisition of Albertsons ... Kroger also can appeal the federal court ruling. The FTC argued the merger would reduce competition and ...
Albertsons warned Nelson that it might have to lay off workers, close stores and even exit some markets if the merger weren't allowed to proceed.Under the merger agreement, Kroger and Albertsons ...