By Bridget Goldschmidt Source: Progressive Grocer C&S Wholesale Grocers LLC and SpartanNash company have entered into a definitive merger agreement, under which C&S will acquire SpartanNash for a purchase price of $26.90 per share of SpartanNash common stock in cash, representing total consideration of $1.77 billion, including assumed net debt. [...]
Source: Reuters U.S. grocery chain Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal [...]
By Chloe Riley Source: Supermarket News C&S Wholesale Grocers is suing Kroger over the retailer’s failed bid to acquire Albertsons, according to a report. C&S Wholesale Grocers has sued Kroger in Delaware state court, citing the retailer’s failure to pay a promised $125 million termination fee, according to reporting from [...]
Source: HH Media A challenge to the merger of the country’s two largest grocery store chains goes to trial Monday — the Biden-Harris administration’s latest and perhaps most consequential bid to combat high grocery prices. The administration sued to stop the $25 billion deal to merge supermarket giants Kroger and [...]
By Jake Abbott Source: Sacramento Business Journal Sacramento area-based grocers have lost market share over the last few years, largely edged out by one retail giant whose grocery division makes up only a portion of its business. In 2023, local consumers spent nearly $8.7 billion on groceries throughout the region’s [...]
By Peyton Bigora Source: Grocery Dive The grocery companies are preparing to defend their proposed mega-merger in three separate court cases. The fate of Kroger and Albertsons’ pending $24.6 billion merger is in the hands of the courts — both federal and state. Currently, Kroger and Albertsons are gearing up [...]
By Dan Monk Source: WCPO.com The Kroger Co. and its acquisition target, Albertsons Companies Inc., have spent a combined $864 million on merger-related expenses through the first quarter of this year, according to filings with the U.S. Securities and Exchange Commission. That represents about 3.5% of the deal’s $24.6 billion [...]
By Eric Revell Source: Fox Business Kroger and Albertsons on Thursday agreed to temporarily pause their proposed $25 billion merger while regulators pursue legal challenges in an effort to block the deal. The two companies agreed to a temporary injunction that puts the merger on hold while a lawsuit filed [...]
By Lucas Combos Source: Patch Kroger and Albertsons have unveiled hundreds of stores they plan to sell to secure federal approval for two of the nation's largest grocery chains to complete a $25 billion mega merger. The companies first announced an agreement for Kroger to acquire Albertsons in 2022, quickly [...]
By Timothy Inklebarger Source: Supermarket News As Albertsons moves forward in its legal battle with the Federal Trade Commission and several state attorneys general over its proposed $24.6 billion purchase by Kroger, it’s upping the stakes on its legal efforts. According to a recent proxy statement filing with the Securities [...]