The proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is...
Traders work as screens display the trading information for Kroger Co and Albertsons Cos Inc. on the floor of the New York Stock Exchange in New York City, U.S., October 14, 2022.“The trial is set to begin on Sept. 30 and my office looks forward to making the case that this merger will eliminate competition and impact food prices, jobs, and consumer choice,” Weiser said in a statement.Colorado’s lawsuit, filed at the beginning of February, was earlier set for a hearing on Aug. 12.
U.S. District Judge Adrienne Nelson in March had set Aug. 26 as the start of a hearing on the FTC’s bid for a preliminary injunction to challenge the deal.“Today’s decision is welcome news as it eliminates the need for a preliminary injunction hearing in Colorado,” a Kroger spokesperson said.Bloomberg News earlier reported that a Colorado District Court judge temporarily halted the deal at a hearing in Denver on Thursday and canceled the hearing set for next month.
The Teichman family’s French-inspired Ylang 23 brand sells curated, designer jewelry. This is a new location for the store, which has also been housed at the Galleria Dallas and Preston Center.Saks Global is laying off approximately 100 employees Saks Global, the proposed new company for Neiman Marcus and Neiman Marcus, are laying off approximately 100 employees across its legal, technology, operations, communications and finance teams.
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Kroger-Albertsons merger temporarily halted by Colorado judge until SeptemberÓscar A. Contreras is a Murrow-nominated journalist who has been writing for the E.W. Scripps Company since January 2014.
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Kroger, Albertsons $25B deal halted until Colorado trial in SeptemberThe proposed $25 billion merger of Kroger and Albertsons has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery prices, State Attorney General Phil Weiser said on Thursday.
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