Reported 27 days ago
Kroger has filed a formal response and counterclaims against Albertsons in a lawsuit related to their abandoned $25 billion merger, which fell apart in December 2024 due to legal challenges. Albertsons alleges Kroger breached their agreement, while Kroger contends that Albertsons undermined the merger by secretly collaborating with a third party on regulatory issues. Both companies are now embroiled in a legal dispute over the fallout from the terminated deal.
Source: YAHOO