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🚨BREAKING: A federal judge just blocked the Kroger-Albertsons merger! This is a BIG deal. The merger could close dozens of ...
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Similarly, in 2015, the FTC allowed Albertsons to acquire Safeway on the condition that it sell 146 stores to Haggen, a small retailer. (These so-called merger remedies rarely work, because the ...
Albertsons said it is calling off its merger with Kroger and is suing the rival grocery chain for breach of contract.
But according to Albertsons, Kroger repeatedly proposed “plainly indefensible” divestment plans to the FTC, allegedly disregarding Albertsons’ exhortations to suggest divestments that would ...
Kroger’s conduct created frustration and distrust among regulators … and ultimately caused an unprecedented litigation onslaught,” Albertsons claims in a newly unsealed lawsuit.
If the merger had been approved, the two supermarket chains would have run more than 5,000 stores in 48 states, according to the FTC’s lawsuit. Albertsons owns the well-known brands Pavilions ...
Albertsons sued Kroger after a US judge blocked the merger of the supermarket giants, claiming Kroger failed to exercise “best efforts” and take “any and all actions” to secure regulatory ...
With two judges ruling against its merger proposal, Kroger’s $25 billion bid to take over Albertsons was delayed at least a year and possibly forever.