Kroger CEO McMullen gives Albertsons acquisition update, explains future plans
Kroger Co. CEO Rodney McMullen talked publicly Dec. 5 about where things stand on the supermarket giant’s planned $24.6 billion acquisition of rival Albertsons Cos. Inc. that’s being challenged by regulators and what would be next if the deal doesn’t go through.
$25-billion Kroger-Albertsons merger plan is blocked by federal judge
A federal judge on Tuesday temporarily blocked what would be the largest supermarket merger in U.S. history, involving Kroger and Albertsons.
Federal judge deals a blow to Albertsons as she blocks its planned merger with Kroger
U.S. District Judge Adrienne Nelson granted a preliminary injunction to block the $24.6 billion deal after a three-week hearing in Portland, where the Federal Trade Commission and attorneys general from several states argued that the merger would substantially lessen competition in the grocery market.
Federal judge blocks $25 billion Kroger-Albertsons grocery merger
Judge Adrienne Nelson of U.S. District Court in Oregon sided with the Federal Trade Commission in its lawsuit seeking to halt Kroger’s $24.6 billion acquisition of Albertsons, a rival grocery chain. It was a win for federal regulators who have argued that the merger would risk reducing competition at the expense of consumers and workers.
DEAL HALTED: Federal judge rules Kroger/Albertsons deal is anticompetitive; Washington judge calls it ‘a colossus’
The $25-billion deal to merge Albertsons and Kroger appears to be on ice after a ruling was made in federal court Tuesday. United States District Judge Adrienne Nelson granted the Federal Trade Commission’s request for a preliminary injunction on antitrust and competitive grounds.
Kroger might give merger ambitions a rest if Albertsons deal fails
Removing fuel from the equation, Kroger enjoyed identical sales growth of 2.3%, the retailer reported. Poor performance from the grocery giant’s gas stations was offset by strong pharmacy and digital sales, Chief Financial Officer Todd Foley said in the earnings call.
Federal judge blocks Kroger-Albertsons merger
A federal judge has temporarily rejected the Kroger Co.'s plan to acquire the rival Albertsons chain, saying the Federal Trade Commission is "likely to succeed on the merits"
Kroger $24.6 billion purchase of Albertsons halted by federal judge
Merger would curtail competition for grocery shoppers, Oregon court finds in a decision that could derail the deal.
Kroger is prepared to go it alone if Albertsons deal falls through, chief executive says
We’ve always made sure that we don’t need to do mergers to make our business successful,” President and CEO Rodney McMullen told investors Thursday.
Kroger’s $24.6 billion Albertsons deal blocked by judge
The judge found that the takeover would lessen competition for US grocery shoppers, in a ruling that marks a likely death knell for the deal.
FTC wins big as judge blocks Kroger-Albertsons merger
In a major victory for the Federal Trade Commission (FTC) and the Biden Administration, a federal judge has temporarily ...
$25B grocery store chain merger blocked in federal court
A federal judge blocked Kroger Co.'s planned $24.6 billion acquisition of Albertsons Cos. Inc. in a court decision handed ...
Why this grocery store CEO says egg prices will 'definitely' go down after Thanksgiving
Thanksgiving is coming in hot with less than 24-hours until turkey's big day, but according to one of the nation's largest ...
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Kroger's "seamless shopping experience" - why digital and tech spend remains in the corporate basket
Kroger CEO Rodney McMullen credits over a decade of digital innovation and implementation for ongoing success.
Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’
Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...