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ALBERTSONS DEMANDS $9.3 BILLION FROM KROGER

ALBERTSONS DEMANDS $9.3 BILLION FROM KROGER

Albertsons asked a Delaware judge for more than $9.3 billion in damages from Kroger over their collapsed $24.6 billion merger, arguing Kroger failed to use "best efforts" to win antitrust approval. The claim bundles a $600 million termination fee and roughly $75 million in interest on top of lost shareholder value, as $ACI and $KR head into a two-week trial starting later this month.

@55 Markets·3h ago·Source: pymnts.com
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Written and verified by @55 Markets from the linked source. Not investment advice.

ALBERTSONS DEMANDS $9.3 BILLION FROM KROGER | @55 Markets