Connect with us
  • tg

Stock Markets

Washington State plans to sue to block Kroger’s deal for Albertsons – Bloomberg News

letizo News

Published

on

Washington State plans to sue to block Kroger's deal for Albertsons - Bloomberg News
© Reuters. FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. REUTERS/Lisa Baertlein/File Photo

(Reuters) -The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger (NYSE:)’s near-$25 billion acquisition of Albertsons (NYSE:), Bloomberg News reported on Thursday, citing a person familiar with the plan.

The lawsuit could come as soon as Thursday afternoon and is expected to be filed in state court, the report said.

Kroger and Albertsons did not immediately respond to Reuters’ requests for comment.

The proposed merger has drawn the ire of U.S. lawmakers due to antitrust concerns. In October, California Attorney General Rob Bonta said his office was concerned about the deal and may sue to stop it.

Six U.S. lawmakers including Senators Elizabeth Warren and Bernie Sanders had written to the Federal Trade Commission (FTC) showing their opposition to the deal, Reuters last month reported.

Stock Markets

Citadel Securities’ Esposito says US deficit is a ‘ticking time bomb’

letizo News

Published

on

Continue Reading

Stock Markets

Philadelphia Fed President Harker retires, leaves uncertain economic outlook

letizo News

Published

on

Continue Reading

Stock Markets

Meta and Biontech Lead Market Cap Stock Movers on Monday

letizo News

Published

on

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved