A federal judge and a state judge overseeing two separate cases have halted the proposed merger of supermarket giants Kroger and Albertsons, claiming the deal would drive up prices for customers.
Albertsons, in its own announcement terminating the agreement on Wednesday, also said it had authorized a $2 billion stock buyback and hiked its quarterly cash dividend by 25%. The chain's biggest ...
Two unions, the United Food and Commercial Workers 3000 and Teamsters Local 38, represent employees at Albertsons and Kroger stores in Washington. Both groups issued statements celebrating the rulings ...
Turning two big supermarket companies into one even larger one could have harmed consumers and workers, the government said during its successful litigation.