Source: CNBC
“U.S. grocery chain Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. The formal termination ended a two-year effort by the grocery chains to combine that regulators — who moved to stop the deal — said would eliminate competition and cause higher prices and reduce leverage for unionized workers. In December, Albertsons asked for billions of dollars in damages along with a $600 million termination fee. Kroger had called the claims baseless.” [editor’s note: Sounds like they should both be suing those regulators instead – TLK] (03/25/25)