CINCINNATI —
Kroger announced Monday that the company has settled a lawsuit stemming from the failed merger with the grocery company Albertsons.
The deal was called off last December and C&S Wholesale filed a lawsuit against Kroger, saying the company failed to exercise “best efforts” and to take “any and all actions” to secure regulatory approval of the companies’ agreed merger transaction. Advertisement
In a response in March, Kroger said Albertsons disregarded the companies’ merger agreement and worked secretly with a partner, C&S Wholesalers, to try to force Kroger to divest more stores to C&S.
The lawsuit claimed that when the deal fell through, Kroger refused to pay a termination fee. Kroger was set to purchase hundreds of Albertsons stores once the merger successfully went thro