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 sabotaged by U.S. District Judge Adrienne Nelson’s interim injunction, 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.
Kroger-Albertsons Merger
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Oregon to receive $40M from Kroger in opioid case settlement
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Fred Meyer, QFC workers approve new contract; bargaining continues with Albertsons and Safeway
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Kroger-Albertsons case wraps up in Colorado, awaits judge s ruling
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Kroger-Albertsons merger case is in Oregon judge s hands as arguments wrap up
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As Kroger-Albertsons merger case comes to a close, here s how Wall Street is betting
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