Kroger Countersues Albertsons, Saying it Actively Worked to Sink Merger

MT Newswires
03-26

Kroger Co. (KR) on Tuesday countersued Albertsons (ACI), saying that the company should not receive a $600 million merger termination fee because its executives used a "secret and misguided campaign" to undermine the proposed business combination.

Albertsons terminated the proposed merger on Dec. 10 and filed suit in Delaware Court of Chancery, alleging that Kroger "willfully" tried to scuttle the transaction by ignoring input from anti-trust regulators and refusing to divest sufficient assets to allow the deal to proceed.

In its counterclaim, Kroger rejected those assertions, saying that while it was working diligently to close the merger, Albertsons was engaged with C&S Wholesale Grocers, the divestiture buyer, to pursue its own regulatory strategy, which ultimately undermined Kroger's efforts.

Kroger's counterclaim also asserts Albertsons had developed a "Plan B" to "sue Kroger in the event the merger failed to close, by manufacturing a paper-trail over many months including unfounded allegations."

Albertsons and C&S Wholesale Grocers did not immediately respond to a request from MT Newswires seeking comment on Tuesday.







免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10