CosmicTaco

Albertsons Sues Kroger After Merger Collapse

CosmicTaco · 2024-12-11T22:04:26.503751+05:30

- Albertsons has terminated its $24.6 billion merger with Kroger and filed a lawsuit for breach of contract, seeking billions in damages. - The lawsuit claims Kroger ignored regulatory feedback and failed to cooperate, leading to the deal's failure. - Kroger refutes the allegations, calling them baseless and attributing the failure to Albertsons' own breaches. Source: [Cnn](https://www.cnn.com/2024/12/11/business/albertsons-calls-off-merger-sues-kroger/index.html), [Wcpo](https://www.wcpo.com/news/local-news/i-team/albertsons-blames-kroger-for-failed-merger-attempt-seeks-billions-in-damages), [Cbs News](https://www.cbsnews.com/news/albertsons-calls-off-kroger-merger-sues-for-breach-of-contract/), [Cnbc](https://www.cnbc.com/2024/12/11/albertsons-sues-kroger-after-judge-rules-against-grocery-merger.html), [Oregon Local News](https://www.oregonlive.com/business/2024/12/albertsons-sues-kroger-breaks-off-proposed-merger.html), [Abc News](https://abcnews.go.com/Business/wireStory/albertsons-kroger-merger-sues-grocery-chain-failing-secure-116676193), [Kgw](https://www.kgw.com/article/news/nation-world/kroger-albertsons-merger-scrapped/507-c72e3f93-c265-4d4c-94e2-b3e800913a20)

Albertsons has terminated its $24.6 billion merger with Kroger and filed a lawsuit for breach of contract, seeking billions in damages.
The lawsuit claims Kroger ignored regulatory feedback and failed to cooperate, leading to the deal's failure.
Kroger refutes the allegations, calling them baseless and attributing the failure to Albertsons' own breaches.

Source: Cnn, Wcpo, Cbs News, Cnbc, Oregon Local News, Abc News, Kgw

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