Loading...
Loading...
Browse all stories on DeepNewz
VisitWhat regulatory changes will occur in response to the blocked merger by end of 2025?
New antitrust legislation • 25%
Revised merger guidelines • 25%
No significant changes • 25%
Other regulatory changes • 25%
Official government announcements or legislative records
Albertsons Terminates $25 Billion Merger with Kroger, Sues for $600M After Court Block
Dec 11, 2024, 02:42 PM
Albertsons has terminated its proposed $25 billion merger with Kroger, following court rulings that blocked the deal. The decision came after both a federal judge in Oregon and a state judge in Washington issued temporary injunctions against the merger, citing concerns over competition in the grocery market. Albertsons, the parent company of Jewel-Osco, has filed a lawsuit against Kroger, alleging that the latter failed to exercise 'best efforts' to secure regulatory approval for the $24.6 billion transaction. The lawsuit claims Kroger did not take 'any and all actions' necessary to push through the merger, leading to its failure. Albertsons is now seeking a $600 million termination fee from Kroger for breach of contract.
View original story
More stringent regulations • 25%
Less stringent regulations • 25%
No significant change • 25%
New merger guidelines issued • 25%
Yes • 50%
No • 50%
More aggressive • 25%
Less aggressive • 25%
No change • 25%
Other • 25%
Announce new mergers • 25%
Increase market share • 25%
No significant changes • 25%
Other strategic moves • 25%
Increased Mergers • 25%
No Change • 25%
Decreased Mergers • 25%
Policy Reversal • 25%
Most regulations upheld • 33%
Most regulations overturned • 33%
Mixed outcomes • 34%
Focus on organic growth • 25%
Pursue another merger • 25%
Seek international expansion • 25%
Other strategic direction • 25%