In addition to a $600 million termination fee, Albertsons is seeking “billions of dollars in damages from Kroger to make Albertsons and its shareholders whole” and relief for the years and millions of dollars that went down the drain after the deal failed,Albertsons said it filed a lawsuit on Wednesday alleging Kroger failed to exercise “best efforts” and take “any and all actions” to secure regulatory approval.
Kroger refused to divest assets necessary for antitrust approval, ignored feedback from regulators and failed to cooperate with Albertsons, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal judge blocks Kroger's $25B acquisition of AlbertsonsA federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Federal judge temporarily halts Kroger and Albertsons mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. U.S. District Court Judge Adrienne Nelson issued the ruling Tuesday after holding a three-week hearing in Portland, Oregon.
Source: AP - 🏆 728. / 51 Read more »
Federal judge temporarily halts proposed Kroger-Albertsons mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
Source: komonews - 🏆 272. / 63 Read more »
Federal judge temporarily halts Kroger and Albertsons proposed mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
Source: 10News - 🏆 732. / 50 Read more »
A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
Source: DenverChannel - 🏆 239. / 63 Read more »
Albertsons Sues Kroger After Judge Blocks $25 Billion MergerA federal judge blocked the deal and sided with the Federal Trade Commission, which raised antitrust concerns over the merger.
Source: Forbes - 🏆 394. / 53 Read more »