Albertsons Seeks Up to $9.3 Billion From Kroger After Merger Fails

Albertsons Companies is seeking damages of up to $9.3 billion in connection with the collapse of its proposed combination with Kroger, a potential payment larger than Albertsons’ roughly $6 billion market capitalization. The proposed deal would have combined the two major U.S. grocery chains in a transaction valued at $24.6 billion. The court request concerns the failed merger and the payment Albertsons is seeking from Kroger. The potential $9.3 billion payment is about 38% of the proposed merger’s value and exceeds Albertsons’ roughly $6 billion market capitalization.

Source: TokenPost