Albertsons Companies Inc. filed a lawsuit on Wednesday against Kroger Co., accusing the latter of a contract breach as it believes the firm failed to "exercise 'best efforts' and to take 'any and all actions' to secure regulatory approval of the companies' agreed merger transaction."According to a...
United States District Judge Adrienne Nelson on Tuesday blocked Kroger Co. from acquiring Albertsons Companies Inc. in a $24.6 billion deal, arguing that the merger would limit competition in the grocery industry and affect consumers.Nelson rejected the companies' argument that they need to...
Kroger Co. revealed on Monday in a press release that it decided to sue the United States Federal Trade Commission (FTC) over the latter's request for the deal with Albertsons Companies Inc., valued at $24.6 billion, to be reviewed."The company argues that by proceeding in its administrative tribunal,...
The United States Federal Trade Commission filed a lawsuit on Monday to prevent Kroger Co.'s $24.6 billion acquisition of Albertsons Companies Inc., the "largest supermarket merger in US history."
According to the regulator, if Kroger's proposed acquisition of Albertsons goes through, it would...
United States retailer Kroger Co. announced on Friday that it will buy Albertsons Companies Inc. for $34.10 per share, or an enterprise value of around $24.6 billion, including $4.7 billion of Albertsons' debt. The transaction is expected to close in early 2024.
"Kroger plans to invest in lowering prices for...
US supermarket operator Kroger is expected to announce the acquisition deal with its rival grocery company Albertsons as soon as this week, per the report published by CNBC on Thursday.
Kroger, valued at around $32.6 billion, currently owns about 2,800 supermarket shops across 35 federal US...
Microsoft is teaming up with grocery chain Albertsons Companies, one of the largest in the United States, to provide customers a "frictionless" shopping experience through artificial intelligence and applied data science, the two companies said.
The deal will allow Albertsons to transform the customer...
Albertsons Companies LLC plans to acquire the remains of Rite Aid Corp. after the Walgreens Boots Alliance announced in June that it will buy half of the chain's drug stores in the United States. The combined value of the two companies would be around $24 billion including debt, and it would have a...
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