Reported about 9 hours ago
Albertsons has initiated a lawsuit against Kroger following the collapse of their proposed $24.6 billion merger, alleging Kroger did not make adequate efforts to secure regulatory approval. The lawsuit seeks billions in damages, including a $600 million termination fee, claiming Kroger breached the agreement by failing to divest necessary assets. Following the legal actions and regulatory challenges, both companies are now redirecting their focus towards separate growth strategies.
Source: YAHOO