Albertsons terminated its $25 billion merger agreement with Kroger after a federal judge blocked the deal and filed a lawsuit accusing Kroger of failing to secure regulatory approval. The lawsuit alleges Kroger breached the agreement by not divesting assets needed for antitrust approval and disregarding feedback from regulators. Kroger denied the allegations, claiming Albertsons interfered in the merger process, promising to prove their case in court. The merger was blocked by U.S. District Judge Adrienne Nelson, who cited competition concerns, noting the companies are direct competitors. Regulators, including the FTC and eight states, argued the merger would limit consumer choices amid rising food prices, despite Kroger's proposal to sell 579 stores to C&S Wholesale Grocers to mitigate concerns. Continue here.
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