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Albertsons Seeks More Than $9 Billion Over Busted Kroger Deal

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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.
Albertsons (ORG) Busted Kroger Deal Albertsons Seeks (ORG) Busted Kroger Deal Albertsons Cos. (ORG) Kroger Co. (ORG) US (LOCATION) Delaware Chancery Court (ORG)
Originally published by Bloomberg Markets Read original →