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Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
The merger proposal includes divesting 579 Kroger and Albertsons grocery stores to a third party — including more than two dozen Albertsons, Tom Thumbs and Market Streets in North Texas.
Three judges in three different states are now deliberating the fate of Kroger’s proposed $25 billion takeover of rival Albertsons. Last week, two antitrust cases each seeking to kill the merger ...
In Colorado, investigators uncovered an e-mail that revealed a secret deal struck between Kroger and Albertsons during a 10-day strike at Kroger's King Soopers stores in 2022. Worried about losing ...
The judges didn’t agree with Kroger and Albertsons on competition. From the start, Cincinnati-based Kroger and Boise, Idaho-based Albertsons said the merger was necessary to stay efficient and ...
The largest proposed merger in US supermarket history has collapsed. Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal.
One of the largest retail mergers ever, the proposed acquisition has drawn the opposition of politicians, regulators, consumer and union groups.
Albertsons, which owns Vons, and Kroger, which owns Ralphs, are pursuing a merger that would combine the two largest grocery store chains in the U.S. (Jason Armond / Los Angeles Times)