Kroger fires back, countersues as Albertsons makes fresh accusations

CINCINNATI (Cincinnati Business Courier) – Kroger Co. has filed an answer to Albertsons Cos. Inc.’s lawsuit against it regarding the companies’ failed $24.6 billion merger and made counterclaims against its former acquisition target, claiming Albertsons actually undermined the deal.

In what’s shaping up as a he-said, she-said case, those claims are in response to Albertsons’ claims in the lawsuit filed last December that Kroger itself took actions that caused the deal to fall through.

Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, detailed its answer and counterclaims in a 248-page filing that was unsealed Tuesday, March 25, in the Delaware Court of Chancery. Kroger actually made the filing March 17, but it wasn’t publicly available until Tuesday.

Read the full story from the Cincinnati Business Courier.

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