Albertsons Gives up on Kroger Merger and Sues the Grocery Chain for Failing to Secure Deal

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    FILE - The exterior of Kroger's fulfillment center is shown on July 27, 2022 in Dallas, Tex. (Rebecca Slezak/The Dallas Morning News via AP, File)

    (AP) – Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

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    U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week hearing in Portland, Oregon. Then Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state and violate Washington’s consumer-protection laws.

    On Wednesday Albertsons said that Kroger failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction.

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