Ocado Group Set to Capitalize on Growing Popularity of Online Grocery

Seeking Alpha01:39

Wolfe Research Adjusts Price Target on Kroger to $76 From $69, Keeps Outperform Rating

MT NewswiresMar 26 17:30 · Ratings

The American grocery store Kroger (KR.US) counter-sued Albertsons (ACI.US).

After the failure of the merger case, the USA grocery chain Kroger (KR.US) counter-sued Albertsons (ACI.US), escalating the legal dispute between the two parties. After the court blocked the merger, Albertsons immediately terminated the merger and sued Kroger, accusing it of breaching the contract that led to the failure of the Trade and demanding billions of dollars in compensation as well as a breakup fee of 0.6 billion dollars. Kroger stated on Tuesday that Albertsons is working with assets divestiture buyer C&S Wholesale Grocers to implement its regulatory strategy, due to 'improper actions.'

AASTOCKSMar 26 00:47

Kroger Accuses Albertsons of Undermining Their $20 Billion Merger -- WSJ

WSJMar 25 23:38

The Kroger countersues its competitor Albertsons Companies, escalating the legal battle once again.

On March 25, 2023, according to Reuters, the USA grocery chain The Kroger filed a counterclaim against its competitor Albertsons Companies on Tuesday, escalating the legal battle between the two companies. Last December, the proposed $25 billion merger between the two companies was rejected by the court. Institutions had pointed out that this Trade would lead to higher prices for Consumers. After the Trade was blocked, Albertsons immediately terminated the merger offer and sued The Kroger, accusing it of breaching the contract that led to the failure of the Trade.

Gelonghui FinanceMar 25 23:26

Express News | Albertsons Spokesperson Says Look Forward to Presenting Our Case in Court

BreakingsMar 25 22:59