Albertsons Sues Kroger After Merger Collapse
The proposed $25 billion merger between Albertsons and Kroger, aiming to combine the fifth and tenth largest US grocery retailers, has been terminated. A federal judge blocked the deal, citing concerns that the merger would eliminate competition and potentially raise prices for consumers. Albertsons subsequently sued Kroger for breach of contract, while Kroger countered with accusations of Albertsons’ own breaches. The FTC’s opposition, along with concerns from unions and politicians, ultimately contributed to the deal’s collapse, a win for FTC Chair Lina Khan.
John Q. Hosedrinker