as was required of Kroger under the terms of the merger agreement between the parties. Under the Court of Chancery rules, Albertsons’ complaint against Kroger is temporarily under seal.
Albertsons has filed a lawsuit against its rival Kroger following a failed multibillion ... the terms of the merger agreement between the parties." The complaint was filed in the Delaware Court ...
Albertsons claims it is owed a $600m termination fee and compensation for the resources spent on the merger process. Credit: JHVEPhoto/Shutterstock. Albertsons has formally called off its $25bn ...
Kroger had agreed to pay Albertsons a $600 million termination fee if the merger didn’t go through. Now, Albertsons says it is entitled to that fee and much more. “Albertsons’ shareholders ...
Food prices tend to be volatile, but a broad range of items from produce to poultry notched increases in a wholesale inflation report that came in hotter than expected Thursday. Kroger on ...
Kroger and Albertsons had proposed the merger in 2022, a deal that would have created the second-largest food retailer in the US, with combined sales of over $200bn. The companies argued the ...
Kroger also has been cultivating alternative revenue streams such as retail media and data and analytics to help support investments in e-commerce, technology and the core food retail business.
Kroger refuted the allegations “in the strongest possible terms,” calling Albertsons’ claims “baseless and without merit,” and further saying that Albertsons was attempting to deflect responsibility ...