Reported about 12 hours ago
Albertsons has ended its $25 billion merger bid with Kroger following court blocks, alleging Kroger breached their merger agreement, which led to the deal's collapse. The company is now suing for billions in damages, including a $600 million termination fee. The termination underscores a two-year effort to merge, stymied by antitrust concerns that the merger would reduce competition and raise grocery prices. Kroger, defending against the claims, asserts that Albertsons’ allegations are unfounded.
Source: YAHOO