Albertsons announced Wednesday that it has given up its merger with Kroger and has filed a lawsuit against the grocery chain. Albertsons filed a lawsuit against Kroger, alleging willful breach of contract in their merger agreement. The complaint, temporarily under seal, accuses Kroger of failing to meet regulatory obligations, including refusing necessary divestitures and disregarding feedback from regulators.
This is clearly an attempt to deflect responsibility following Kroger’s written notification of Albertsons’ multiple breaches of the agreement, and to seek payment of the merger’s break fee, to which they are not entitled.Kroger looks forward to responding to these baseless claims in court. We went to extraordinary lengths to uphold the merger agreement throughout the entirety of the regulatory process and the facts will make that abundantly clear.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Albertsons gives up on Kroger merger, files lawsuit against grocery chainThis comes a day after the proposed merger between the supermarket giants floundered after judges overseeing two separate cases both halted the deal.
Sumber: FOX10Phoenix - 🏆 83. / 68 Baca lebih lajut »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealKatie joined the Denver7 team as a digital content producer in April of 2023.
Sumber: DenverChannel - 🏆 239. / 63 Baca lebih lajut »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons said that Kroger failed to exercise “best efforts”
Sumber: sdut - 🏆 5. / 95 Baca lebih lajut »
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure dealAlbertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain
Sumber: ABC7Chicago - 🏆 284. / 63 Baca lebih lajut »
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure dealAlbertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 billion agreement
Sumber: ABC - 🏆 471. / 51 Baca lebih lajut »
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure dealAlbertsons is giving up on its merger with Kroger a day after it was rejected in two courts.
Sumber: PennLive - 🏆 463. / 53 Baca lebih lajut »