Albertsons sues Kroger for not getting supermarket merger approval
BOISE, Idaho: The proposed US$24.6 billion merger between Kroger and Albertsons, which aimed to create the largest U.S. supermarket chain, fell apart on December 11 as Albertsons announced its withdrawal and filed a lawsuit against Kroger.
The lawsuit seeks a $600 million termination fee along with billions in damages for legal costs and lost shareholder value. Kroger called the claims "baseless."
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