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.
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 hearing in Portland, where the Federal Trade Commission and attorneys general from several states argued that the merger would substantially lessen competition in the grocery market.
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 blocked the $25 billion merger between grocery giants Kroger (KR) and Albertsons (ACI),
Albertsons ends merger with Kroger and sues it, seeking billions of dollars
The Boise-based supermarket chain said Kroger failed to exercise “best efforts” to secure regulatory approval of the merger.
Albertsons sues Kroger for failed merger
This comes a day after the proposed merger between the supermarket giants floundered after judges overseeing two separate cases both halted the deal.
Albertsons ends merger deal, accuses Kroger of ‘self-serving conduct’
Albertsons is suing Kroger for breach of contract and accusing it of failing to exercise its “best efforts” to get regulatory approval for the merger.
Albertsons demands billions from rival Kroger after terminating merger bid
Albertsons terminated its $25 billion bid to merge with Kroger on Wednesday after courts blocked the deal and sued its rival, alleging a breach of contract that led to the deal's demise. The formal termination ends a two-year effort by the chains to combine that regulators argued would lead to higher prices for shoppers.
Albertsons calls off merger after court rulings, suing Kroger 'for billions'
Albertsons announced Wednesday it is pulling out of its plans to merge with Kroger, citing two court rulings on Tuesday barring the transaction.
Albertsons gives up on $24.6 billion Kroger merger and instead sues the chain for not doing enough to get deal approved
The move came the day after two judges halted the merger in separate court cases.
Albertsons sues Kroger after judge rules against grocery merger
Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow through on commitments to help get the deal approved.
Analysts revamp price targets after Kroger-Albertsons deal update
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Albertsons sues Kroger after merger blocked by federal court
When CEO Rodney McMullen said Kroger would be fine without approval of its merger with Albertsons, I asked “But how does Albertsons feel about that?” ...
Inflation Ticked Up to 2.7% in November
The consumer-price index rose 2.7% from a year earlier, a sign that the path to bringing down price pressures remains bumpy.
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Albertsons ends merger with Kroger, seeks billions of dollars in lawsuit
Albertsons called off its proposed sale to Kroger and sued the rival grocer for billions of dollars the morning after a ...
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Federal judge blocks Kroger-Albertsons merger; Albertsons votes to terminate 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" ...
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Albertsons calls off merger and sues Kroger
Grocery chain Albertsons called off its $25 billion merger with Kroger, ending the largest proposed merger in US supermarket ...
$25B grocery store chain 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 ...
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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 ...