Albertsons seeks more than $9 billion from Kroger over their failed merger
Summary
Albertsons Cos. is demanding that Kroger Co. pay more than $9 billion for the collapse of what would have been the largest U.S. grocery chain merger in history, Bloomberg reported on Monday 12 October. Albertsons sued Kroger, alleging that Kroger failed to use 'best efforts' to get regulatory approval for their planned merger, which was blocked by a federal court, The Philadelphia Inquirer reported.
Latest: Albertsons is demanding that Kroger pay more than $9 billion for the collapse of their planned merger, which was blocked by a federal court, alleging that Kroger failed to use 'best efforts' to get regulatory approval.
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How it unfolded
Monday 12 October
Albertsons is demanding that Kroger pay more than $9 billion for the collapse of their planned merger, which was blocked by a federal court, alleging that Kroger failed to use 'best efforts' to get regulatory approval.
- 14:58The Philadelphia InquirerAlbertsons seeks more than $9 billion over failed Kroger deal
- 13:00BloombergAlbertsons Seeks More Than $9 Billion Over Busted Kroger Deal