Albertsons Begins $8 Billion Trial Against Kroger Over Failed Merger
Albertsons is seeking more than $8 billion in damages from Kroger over the collapse of their agreed $24.6 billion merger. The trial begins Monday.
By Tom HalsUS grocery chain Albertsons Companies NYSE:ACI will begin making its case in court on Monday for more than $8 billion in damages against larger rival Kroger NYSE:KR for allegedly sinking their agreed $24.6 billion merger two years ago.Idaho-based Albertsons, whose chains include Safeway…