Kroger countersues Albertsons over failed $25B merger

Legal struggle It’s heating between Kroger and Albertsons.

Albertsons denied Albertsons on Tuesday, rejecting the claims that he was guilty of the $ 25 billion in merging last year.

On Tuesday, the croger said that “it was diligently working to seek the regulatory approval and to close the merger,” Albertson eventually undermines the efforts of crogers. ”

Federal Judge Blocks Albertsons $ 25B Achievement

The croger also claims that Albertson has no right to “abuse” under the terms of the parties’ merging agreement, as well as other losses.

Fox Business has reached Albertsons for comment.

Buyers are seen in “Croger” supermarket, 2022. On October 14, in the city of Atlanta, Georgia. (Elijah Nouvelage / AFP Via Getty Images) / Getty Images)

“Crogers continue Capitalization on his business modelcausing differentiated value for all stakeholders. This includes significant investments that provide lower prices and increasing salaries while improving the customer’s expandable database experience, “the company continued.

Albertsons called the recent requirements of crogers “weak”, saying that “deliberate tactics are to divert its continued problems of its ongoing executive. The company also said that “it was persistently devoted to the success of the initial comparison.”

In December, Albertsons sued Crogers, and a federal judge has blocked the proposed merger between companies shortly, and agreed with the Federal Trade Commission (FTC) that deals in the grocery industry.

Kroger-Alberttsons Merge Heads to Trial

Albertsons claims that the croger had contract the “best efforts” to ensure the establishment of an agreed merging transaction. ”

The employee is shopping outside the Albertsons supermarket in Las Vegas, 2022. January 7th. (BRIDGET BENNETT / BLOOMBERG VIA GETTY Images) / Getty Images)

Judge Adrien Nelson, USA District, noted that the plan nominated by both companies will reduce grocery prices and to distract more than 500 storesCreated competition In the field and the impact could have on consumers and employees.

Nelson’s decision agreed to the FTC’s argument that the merger removes direct competition between the two grocery, which will make it illegal.

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Albertsons and crogers were arguing in legal performances and the three-week trial in “Oregon” Portland, that their plan for C & S wholesale sellers would ensure that stores will remain for consumers. The croger also promised to invest $ 1 billion in grocery price, ended after the acquisition of Albertsons.

Fox Business’ Eric Revell contributed to this report.