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Albertsons, Kroger merger scrapped
Failure of Kroger-Albertsons Merger May Curb Grocers’ Advertising Ambitions
Kroger’s proposed merger with fellow grocery chain Albertsons ended in acrimony this week as a judge granted the Federal Trade Commissions’s request to block the deal on antitrust grounds. Albertsons then sued Kroger for allegedly not fulfilling its contractual obligations.
Albertsons quits merger and files suit while Kroger calls claims ‘baseless’
Kroger is accused of wilful contractual breaches and of failing to uphold its obligation of good faith and fair dealing.
Albertsons demands billions from rival Kroger after terminating merger bid
Albertsons and Kroger terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging a breach of contract that led to the deal's demise.
15h
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
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 ...
14h
Kroger Stock Buybacks Resume After Albertsons Megamerger Blow
Albertsons sued prospective partner Kroger on Wednesday, a day after a district judge blocked Kroger's $24.6 billion takeover ...
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