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Kroger’s Ex-CEO Defends Effort to Close Failed Albertsons Deal
Source: Bloomberg
M&A & RestructuringAntitrust & CompetitionLegal & Litigation
Kroger’s former CEO testified that the company fulfilled its obligations to secure regulatory approval for its $24.6 billion merger with Albertsons. The deal was blocked on antitrust grounds, and Albertsons is now seeking damages; the article provides no amount for the damages claim or market reaction.
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