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Express News | The court in the USA ruled against the merger case of retail giant.
The Kroger's acquisition of Albertsons Companies was denied by a judge, which may lead to the largest supermarket merger in the USA falling through.
A federal judge in the USA has blocked The Kroger's Trade to acquire Albertsons Companies for $24.6 billion.
RBC Capital Maintains Albertsons Companies(ACI.US) With Buy Rating, Cuts Target Price to $22
RBC Capital Sticks to Its Buy Rating for Albertsons Companies (ACI)
A USA judge has blocked the merger between grocery store Kroger and its rival Albertsons.
On December 11, Glonghui reported that a judge from a local court in the USA issued a temporary restraining order to block the merger proposal between two grocery supermarkets, Kroger and Albertsons, involving a transaction of 25 billion dollars. Ohio District Court Judge Adrienne Nelson agreed with the Federal Trade Commission (FTC), believing that the merger would harm market competition, raise product prices, and adversely affect American consumers and company employees. Kroger previously indicated in the hearing that if Nelson issued a temporary restraining order, the transaction plan was unlikely to proceed. The two companies
Express News | Kroger Says It Is "Reviewing Its Options" After Court Rulings Blocking Albertsons Merger