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The Cincinnati-based grocery giant says Albertsons engaged in "misconduct" that derailed merger efforts and thus isn't entitled to a $600 million termination fee and 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 ...
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 ...
Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. In December, Albertsons asked for billions ...
Kroger Co. on Tuesday filed a countersuit in its dispute with Albertstons Cos. over a failed $25 billion merger between the two grocery behemoths.
Kroger and Albertsons are fighting it out in court, blaming the other for which caused their proposed $25 billion merger to fail. A federal judge blocked the merger in December.
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.
Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. In December, Albertsons asked for billions of ...
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.
U.S. grocery chain Kroger countersues Albertsons after their $25 billion merger collapsed, accusing Albertsons of misconduct and breach of contract. Kroger also seeks damages for its investment to ...