Albertsons sues Kroger for failing to win approval of their proposed supermarket merger
Under the merger agreement, Kroger and Albertsons — who compete in 22 states — agreed to sell 579 stores in places where their locations overlap to C&S Wholesale Grocers, a New Hampshire-based supplier to independent supermarkets that also owns the Grand Union and Piggly Wiggly store brands.
Merger would curtail competition for grocery shoppers, Oregon court finds in a decision that could derail the deal.
After failed merger, Albertsons sues its former prospective partner, and workers’ unions call for a reinvestment into stores.
Kroger is buying back billions of dollars in stock, putting to use some of the capital it was planning to use to buy Albertsons. What effect might this have on California?
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