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7.60456273765728E-05 0.00015209125475293 0.000912547528517145 0.0018920152091256 0.00197718631178722 0.00015209125475293 0.00243346007604558 0.00425855513307987
Stock impact report

Kroger throws latest punch in legal battle with Albertsons [FOX Business Network]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Kroger countersued Albertsons on Tuesday, denying claims that it was to blame for the collapse of the proposed $25 billion merger late last year. Kroger said in a statement on Tuesday that it was "working diligently to seek regulatory approval and close the merger" and claimed that "Albertsons was engaging in a secret and misguided campaign, together with C&S Wholesale Grocers, the divestiture buyer, to pursue its own regulatory strategy, which ultimately undermined Kroger's efforts." Kroger also argued that "as a result of its misconduct," Albertsons isn't entitled to the $600 million termination fee under the terms of the parties' merger agreement as well as other damages it seeks. FOX Business reached out to Albertsons for comment. "Kroger continues to capitalize on its business model , generating differentiated value for all stakeholders. This includes significant investments that are delivering lower prices and increasing wages, while further improving the experience for Show less Read more
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