Alberstsons sues Kroger over broken $24.6 billion deal – claims Kroger didn’t make its ‘best efforts’ ...Middle East

ALBERTSONS has backed out of the proposed $24.6 billion merger with Kroger over two years after it was announced. The shocking move from the grocery chain comes just one day after a federal judge temporarily blocked the deal. Kroger’s $24.6 billion merger proposal with Albertsons has fallen through (stock image)GETTY The deal would’ve been the largest between two supermarkets in US history (stock image)GETTY Vivek Sankaran, Albertsons CEO, confirmed the company’s exit from the merger Wednesday. “We have made the difficult decision to terminate the merger agreement,” Sankaran said in a statement. Albertsons is also suing Kroger over an alleged breach of contract,

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Alberstsons sues Kroger over broken $24.6 billion deal – claims Kroger didn’t make its ‘best efforts’ ...Middle East

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