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Albertsons says Kroger didn't work hard enough to get federal approval for the merger and owes a $600 million termination fee stipulated in the initial merger agreement, plus billions in damages.
Kroger on Tuesday filed a countersuit in its dispute with Albertsons over a failed $25 billion merger between the two grocery behemoths. The merger was blocked late last year by federal and state ...
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.
Kroger Co. has filed an answer to Albertsons Cos. Inc.’s lawsuit against it regarding the companies’ failed $24.6 billion merger and made counterclaims against its former acquisition target ...
Kroger said in a news release Tuesday that Susan Morris, the soon-to-be CEO of Albertsons, had “secretly communicated” by phone and email with C&S Wholesale Grocers, the small, family-owned ...
Kroger Countersues Rival Albertsons After Demise of $25 Billion Merger. More. Reuters. The outside of a near by Kroger grocery store is seen in Nashville, Tennessee, U.S. August 17, 2024.
CINCINNATI — 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.
Cincinnati-based Kroger Tuesday filed a countersuit against Albertsons, the latest legal fallout from a failed merger between the two grocery giants. Albertsons filed suit against Kroger after the $24 ...