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Kroger, Albertsons
The Kroger-Albertsons merger is officially kaput. What's next?
Kroger, the nation’s largest operator of traditional supermarkets, would buy Albertsons, the second-largest such operator, for $24.6 billion and merge it into Kroger’s operations. The deal would combine Cincinnati-based Kroger and its 2,722 stores with Boise, Idaho-based Albertsons and the 2,271 stores it operates.
Here's why the Kroger merger with Albertsons was killed
Antitrust experts say a few core issues prompted the judges to say no the merger, ultimately dooming the deal.
Albertsons said in unsealed filing that Kroger had ‘buyer’s remorse’ after inking merger
Albertsons’ breach-of-contract claims, filed in a Delaware chancery court Dec. 11, allege Cincinnati-based Kroger “put itself first” in the face of regulatory opposition to the merger and ignored Albertsons’ suggestions for how to get the deal approved.
What Killed a $20 Billion Grocery Deal? Albertsons Says Kroger Did
In an unsealed complaint, Albertsons claims that Kroger’s hubris and reluctance to divest of stores sank their merger; Kroger has said its rival breached the agreement.
Albertsons claims Kroger had ‘buyer’s remorse,’ ignored more-qualified divestiture partners and competition concerns
Details of Boise-based Albertsons’ lawsuit against Kroger claiming “billions of dolllars” in damages have been unsealed. As BoiseDev reported last week, after a federal judge granted a preliminary injunction on the Kroger and Albertsons merger and temporarily put it on ice,
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.
Seeing Double: Kroger/Albertsons Merger Blocked by Federal and State Courts
In parallel, same-day rulings, a federal and state court blocked The Kroger Company’s $24.6 billion proposed acquisition of the Albertsons
The Kroger-Albertsons merger fell apart. A UH professor explains why that's good for shoppers
University of Houston professor Steven Craig said the Krogers-Albertsons merger falling apart is a good development for shoppers.
Albertsons: Kroger Derailed Deal Due To “Buyer’s Remorse”
Kroger chose to sell as few stores as possible, ensured it was only selling Kroger’s worst performers, and opted to sell to one of the least-qualified buyers, Albertsons alleges
9d
on MSN
Albertsons suing Kroger 'for billions,' cancels merger after court rulings
Albertsons announced Wednesday it is pulling out of its plans to merge with Kroger, citing two court rulings on Tuesday ...
7d
Fresh Take: Albertsons Sues Kroger As Merger Falls Apart, And UFCW Calls For Kroger CEO To Resign
Forbes' latest edition of its Fresh Take newsletter features the details of how a deal between Kroger and Albertsons fizzled, ...
ProgressiveGrocer
16h
THE FRIDAY 5: Albertsons’ Lawsuit Against Kroger Unsealed; Dollar Tree Gets New CEO
Dollar Tree, meanwhile, has permanently elevated Michael C. Creedon, Jr., to the role of CEO of the company. Creedon stepped ...
3d
on MSN
Food Fight With Kroger Spells Trouble for Albertsons
Antitrust enforcers have successfully blocked the merger of Kroger and Albertsons, a deal that would have brought the two ...
3d
RBC Boosts Albertsons' Price Target Amid Growth Strategy, But Will It Overcome the Kroger Fallout?
RBC Capital Markets just bumped up its price target for Albertsons (NYSE:ACI) to $22, up from $21, while sticking to its Outperform rating. The move follows an investor meeting where Albertsons' top ...
4d
on MSN
Kroger unveils plans for two new stores in North Texas
Kroger is planning two new stores in Little Elm and in Fort Worth. It expects to break ground in 2025 on both projects.
3d
on MSN
Albertsons lays out plans for prosperous Kroger-less future
Albertsons (NYSE:ACI) is taking measures to remain competitive in the low-margin grocery business with fierce competition ...
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