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Albertsons calls off merger and sues Kroger
Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal. The merger, announced in 2022, sought to combine the fifth and ...
Albertsons lays off corporate employees across the company. Here’s what we know
Albertsons is laying off corporate and division support employees around the country, a spokesperson for the company told the ...
CBS News1mon
Albertsons abandons $25 billion merger with Kroger after judge blocks deal
Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract. "Given the ...
Yahoo Finance1mon
Albertsons calls off merger after court rulings, suing Kroger 'for billions'
Albertsons announced Wednesday it is pulling out of its plans to merge with Cincinnati-based Kroger, citing two court rulings on Tuesday barring the transaction. Also, it disclosed it's suing ...
The Business Journals27d
The Kroger-Albertsons merger is officially kaput. What's next?
Two years, a failed merger ... said Kroger stock could benefit from the deal being called off. They predicted Kroger would use a chunk of the money it had planned to apply to acquiring ...
International Supermarket News1d
Kroger-Albertsons Merger: Will There Be Another Attempt?
Kroger and Albertsons announced their intention to merge in 2023, aiming to create a unified grocery retail giant capable of competing with industry leaders like Walmart and Amazon. The merger was ...