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Stock impact report

Kroger countersues Albertsons in feud over failed $25B merger [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
The merger was blocked late last year by federal and state courts, leading Albertsons to terminate its merger agreement with Cincinnati-based Kroger in December and sue Kroger for breach of contract in the Delaware Court of Chancery. Albertsons also asked for billions of dollars in damages along with a $600 million termination fee. In case you missed it: $25 billion Kroger-Albertsons merger blocked by federal judge In its lawsuit, Albertsons claimed Kroger mishandled its approach to securing regulatory approval for its 2022 agreement to buy Albertsons in an attempt to derail the merger. The original terms of the agreement called for Kroger and Albertsons to sell off hundreds of stores to C&S Wholesale Grocers to avoid antitrust concerns and s Read more
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