Kroger-Albertsons $24.6B Merger Trial: What "Any and All Actions" Really Means
Kroger and Albertsons: the food fight every dealmaker should be watching
Delaware's Court of Chancery began hearing Albertsons' suit claiming Kroger failed its 2022 contract pledge to take "any and all actions" to win approval for its $24.6B merger. Albertsons seeks over $8 billion in damages after regulators blocked the deal in December 2024. The two-week trial will test what that unusually strict commitment legally requires.
Source:Fortune Term Sheet · fortune.com