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Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn't do enough to secure regulatory approval for the $24. ...
The company has brought on a new CFO and broadened its private label offerings since the deal collapsed in December.
Cincinnati-based supermarket giant Kroger reported this month that its aborted takeover of Albertsons cost the company more than $1 billion.
lays off store clerks, a first for the 89-year-old chain According to Kroger, private equity firm Cerberus Capital Management, the biggest shareholder in Albertsons, was incentivized to push the ...
Kroger and Albertsons are locked in an escalating legal dispute after their proposed $25 billion merger fell apart. Regulatory concerns over antitrust and competition led to the abrupt termination ...
The collapsed $25 billion merger between Kroger and Albertsons, two of the largest supermarket chains in the United States, has taken a dramatic turn with lawsuits now replacing boardroom negotiations ...