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ALBERTSONS SEEKS $9.3 BILLION FROM KROGER

ALBERTSONS SEEKS $9.3 BILLION FROM KROGER

Albertsons has filed court documents demanding $9.3 billion from Kroger over the grocery chains' collapsed $24.6 billion merger. The sum dwarfs the $600 million termination fee set in the original contract, with Albertsons ($ACI) adding $75 million in interest and the stockholder premium it says Kroger ($KR) cost it. A Delaware judge will hear the two-week trial starting later this month.

@55 Markets·1h ago·Source: Yahoo Finance
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Written and verified by @55 Markets from the linked source. Not investment advice.