Politics
Albertsons Seeks More Than $9 Billion Over Busted Kroger Deal
Key Points
Albertsons Seeks More Than $9 Billion Over Busted Kroger Deal Albertsons Cos. is demanding that Kroger Co. pay more than $9 billion for the collapse of what would have been the largest US grocery chain merger in history. Lawyers for Albertsons made the demand Monday in Delaware Chancery Court, where a two-week trial is slated later this month in a legal fight over who is to blame for the failure of the $24.6 billion deal. The plan to combine the two largest US grocery chains was blocked by a...
Albertsons Seeks More Than $9 Billion Over Busted Kroger Deal
Albertsons Cos. is demanding that Kroger Co. pay more than $9 billion for the collapse of what would have been the largest US grocery chain merger in history.
Lawyers for Albertsons made the demand Monday in Delaware Chancery Court, where a two-week trial is slated later this month in a legal fight over who is to blame for the failure of the $24.6 billion deal. The plan to combine the two largest US grocery chains was blocked by a federal court in December 2024.