Jewel-Osco owner Albertsons is giving up on its merger with Mariano’s parent Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement. The move came the day after two judges halted the merger in separate court cases. U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearing in Portland, Oregon.

BING NEWS:
  • Albertsons sues Mariano's owner Kroger for failing to win approval of their proposed merger
    Albertsons CEO Vivek Sankaran said in September that his company might consider “structural options” like laying off employees, closing stores and exiting certain markets if the Kroger merger didn’t ...
    12/11/2024 - 8:44 am | View Link
  • Jewel-Osco Owner Sues Kroger Over Failed Merger
    Osco parent company Albertsons is suing Mariano’s parent company Kroger after a $24.6 billion merger of the grocery giants was blocked in court. The merger, announced in 2022, was barred Tuesday by ...
    12/11/2024 - 6:04 am | View Link
  • Jewel-Osco Owner Sues Mariano's Parent Company Over Failed Merger
    As part of the deal blocked Tuesday, the companies had agreed to sell 35 Jewel-Osco and Mariano’s locations in the Chicago area.
    12/11/2024 - 5:27 am | View Link
  • Jewel parent scraps merger with Mariano’s owner, sues grocery chain
    Jewel-Osco owner Albertsons is giving up on its merger with Mariano’s parent Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion ...
    12/11/2024 - 4:31 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News