Siding with state and federal regulators who said a $24.6 billion merger between the two supermarket behemoths would hurt customers and grocery employees, a federal judge in Oregon temporarily banned Kroger’s planned acquisition of Albertsons on Tuesday.
That agreement is likely to be effectively ruined by U.S. District Judge Adrienne Nelson’s interim order, which stops the merger while a Federal Trade Commission proceeding is ongoing. During a three-week hearing earlier this year in Portland, Kroger’s lawyers made that claim.
Timeline:
Kroger-Albertsons merger
The owner of Fred Meyer and QFC, Kroger, has offered to pay $24.6 billion to acquire Safeway’s rival, Albertsons.
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
