Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal

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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, saying it didn't do enough to secure regulatory approval for the US$24.6 billion agreement.

A sign for Albertsons grocery store is seen on a shopping cart, Aug. 26, 2024, in Lake Oswego, Ore. 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, saying it didn't do enough to secure regulatory approval for the US$24.6 billion agreement.

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