Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
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.
After failed merger, Albertsons sues its former prospective partner, and workers’ unions call for a reinvestment into stores.
Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain ...
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