Albertsons scraps merger with Kroger following court ruling [Video]

(Associated Press) – Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.

Arizona Attorney General Kris Mayes is speaking out in support of a judge’s ruling to block the proposed merger between supermarket giants Kroger and Albertsons.

In a statement, Mayes says ““Today’s decision by a federal judge to to extend the preliminary injunction blocking the $24.6 billion Kroger-Albertsons merger is a major victory for consumers, workers, and small businesses across the country. Should Kroger and Albertsons attempt to move forward with further legal proceedings, I am confident that the result will not change, just as the judge noted.”

“I’m proud to have brought this case on behalf of Arizona consumers and I am grateful for the talented members of our antitrust team for their …