Kroger and Albertsons spending more than $800 million on merger fees

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Kroger Co. and Albertsons Cos. have spent more than $800 million on fees to lawyers, bankers and advisers for their proposed merger, underscoring the high...

FILE - Mitch Maddox, a bread route salesman, loads bread outside the Eagle Rock Albertsons store in Los Angeles, May 30, 2006. Supermarket chains Kroger and Albertsons on Thursday, July 25, 2024, agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections. Kroger Co. and Albertsons Cos.

An Albertsons spokesman said the merger will lower prices, protect union jobs and improve the shopping experience for customers. He added that only Amazon, Walmart and other big, non-union retailers would benefit if the deal is blocked.and state attorneys general: Arnold & Porter Kaye Scholer, Weil Gotshal & Manges and Stoel Rives. Citigroup Inc. and Wells Fargo & Co. are offering financial advice to Kroger.

 

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