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Kroger-Albertsons merger fight goes to Delaware trial over $8B claim

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Delaware's Court of Chancery has begun hearing Albertsons' lawsuit against Kroger over their failed $24.6B merger. Albertsons claims Kroger broke a 2022 contract pledge to take "any and all actions" to win approval and is seeking more than $8 billion in damages after regulators blocked the deal in December 2024. The two-week trial will decide what that unusually strict commitment legally required of Kroger.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 20 21:26
Kroger-Albertsons $24.6B Merger Trial: What "Any and All Actions" Really Means

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Oct 20
  1. Fortune Term Sheet
    Kroger-Albertsons $24.6B Merger Trial: What "Any and All Actions" Really Means

    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.

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