Reported 2 days ago
Kroger has filed court documents denying Albertsons' allegations of failing to secure regulatory approval for their planned merger, claiming that Albertsons violated their agreement by collaborating secretly with C&S Wholesalers to force Kroger to divest stores. Kroger argues it should not owe Albertsons a $600 million termination fee, while Albertsons maintains that Kroger's actions led to the merger's collapse. The proposed merger faced significant opposition from the Federal Trade Commission and state lawsuits due to concerns over competition and pricing.
Source: YAHOO