Kroger CEO McMullen gives Albertsons acquisition update, explains future plans
Kroger Co. CEO Rodney McMullen talked publicly Dec. 5 about where things stand on the supermarket giant’s planned $24.6 billion acquisition of rival Albertsons Cos. Inc. that’s being challenged by regulators and what would be next if the deal doesn’t go through.
$25-billion Kroger-Albertsons merger plan is blocked by federal judge
A federal judge on Tuesday temporarily blocked what would be the largest supermarket merger in U.S. history, involving Kroger and Albertsons.
Federal judge blocks $25 billion Kroger-Albertsons grocery merger
Judge Adrienne Nelson of U.S. District Court in Oregon sided with the Federal Trade Commission in its lawsuit seeking to halt Kroger’s $24.6 billion acquisition of Albertsons, a rival grocery chain. It was a win for federal regulators who have argued that the merger would risk reducing competition at the expense of consumers and workers.
Judges in Two States Block $25 Billion Kroger-Albertsons Merger
Judges in Washington and Oregon blocked the huge $25 billion Kroger-Albertsons grocery merger Tuesday. That bodes well for a lawsuit the Federal
Kroger might give merger ambitions a rest if Albertsons deal fails
Removing fuel from the equation, Kroger enjoyed identical sales growth of 2.3%, the retailer reported. Poor performance from the grocery giant’s gas stations was offset by strong pharmacy and digital sales, Chief Financial Officer Todd Foley said in the earnings call.
Federal judge blocks Kroger-Albertsons merger
A federal judge has temporarily rejected the Kroger Co.'s plan to acquire the rival Albertsons chain, saying the Federal Trade Commission is "likely to succeed on the merits"
Albertsons Terminates Merger With Kroger; Seeks Billions Of Dollars In Damages From Kroger
Albertsons Companies, Inc. (ACI) said it has exercised right to terminate merger agreement with Kroger after the U.S. District Court
Albertsons sues Kroger after calling off $25bn supermarket merger
Albertsons on Wednesday announced the decision to call a halt to the $25bn deal, which had been dogged by competition concerns. On Tuesday US district judge Adrienne Nelson in Oregon imposed a preliminary injunction on the deal that would have sent it to the Federal Trade Commission for further consideration.
Albertsons calls off merger and sues Kroger
Grocery chain Albertsons called off its $25 billion blockbuster merger with Kroger Wednesday after a federal judge halted the deal.
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 bil
Albertsons Says It Is Terminating Merger Agreement With Kroger
Albertsons also filed a lawsuit saying the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.
FTC wins big as judge blocks Kroger-Albertsons merger
In a major victory for the Federal Trade Commission (FTC) and the Biden Administration, a federal judge has temporarily ...
Judges block Kroger-Albertsons merger. A prolongued legal battle risks threatening investors’ patience.
A federal judge has blocked supermarket chain Kroger Co.’s merger with rival Albertsons Cos., saying it would stifle ...
Kroger-Albertsons merger blocked in federal court
A federal judge blocked Kroger Co.'s planned $24.6 billion acquisition of Albertsons Cos. Inc. in a court decision handed ...
Federal judge deals a blow to Albertsons as she blocks its planned merger with Kroger
U.S. District Judge Adrienne Nelson granted a preliminary injunction to block the $24.6 billion deal after a three-week ...
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Kroger's "seamless shopping experience" - why digital and tech spend remains in the corporate basket
Kroger CEO Rodney McMullen credits over a decade of digital innovation and implementation for ongoing success.
Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’
Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...