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Albertsons Terminates Kroger Merger and Files Lawsuit

Albertsons abandons its merger with Kroger after court rejections and sues Kroger for failing to secure regulatory approval for the deal.

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Overview

A summary of the key points of this story verified across multiple sources.

Albertsons has officially abandoned its proposed merger with Kroger, which was halted by courts due to antitrust concerns. Following this, Albertsons filed a lawsuit against Kroger, accusing it of failing to adequately pursue regulatory approval for the $24.6 billion merger. The lawsuits arose after two judges issued injunctions citing reduced competition as a key issue. Kroger disputes these claims, stating that Albertsons is responsible for the merger's failure. The legal battle could intensify, affecting both companies' futures.

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