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.
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