Albertsons calls off Kroger merger, sues for breach of contract
Albertsons said it is calling off its merger with Kroger and is suing the rival grocery chain for breach of contract.
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Albertsons said it is calling off its merger with Kroger and is suing the rival grocery chain for breach of contract.
Merger would curtail competition for grocery shoppers, Oregon court finds in a decision that could derail the deal.
The $24.6 billion Kroger-Albertsons deal would be the largest grocery chain merger in U.S. history.
A local expert said contrary to the concerns of the FTC, Jewel and Mariano's operating as one company could reduce prices and likely keep stores open.
Consumers are worried about what kind of effect the merger of the parent companies of Mariano's and Jewel-Osco, if it goes ahead, might have on already-high grocery prices. Jermont Terry reports.
Two of the biggest U.S. grocery chains want to merge. The feds are determined to block the deal, saying it would harm consumers.
