04:13 PM EST, 12/10/2024 (MT Newswires) -- Kroger's ( KR ) $24.6 billion acquisition of Albertsons ( ACI ) has been blocked by a federal judge, Bloomberg reported Tuesday.

The report said that in a ruling filed in a federal court in Oregon Tuesday, the US District Judge Adrienne Nelson sided with the US Federal Trade Commission, which had stated the planned deal would allegedly breach antitrust rules.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)