Albertsons Sues Kroger After Federal Court Blocks $25b Merger

Kroger, attorneys for Albertsons say, failed to exercise its “best efforts” in securing regulatory approval for the merger. It also allegedly refused to divest assets necessary for antitrust approval, ignored regulators’ feedback, and pre-emptively rejected competitors’ offers to buy Kroger stores that it would have had to sell for the deal to be approved.