Kroger Counsons ALBERTSONS on a fusion of $ 25 billion

Legal battle Between Kroger and Albertsons is heating.

Kroger underwent albertsons on Tuesday, and rejected allegations that he was responsible for the collapse of the proposed merger worth $ 25 billion in late last year.

“Work is hard to search for organizational approval and closure of integration” and claimed that “Albertson was participating in a secret and misleading campaign, along with the group grocery stores, and the buyer of Kroger’s effort.”

The federal judge prohibits the acquisition of Crograph on Albertson of $ 25 billion

Kruger also argued that “as a result of his misconduct”, Albertson is not entitled to obtain $ 600 million termination fees under the terms of the integration of the parties as well as the other damages it seeks.

“Kroger continues Take advantage of her business modelGenerate different value to all stakeholders. This includes large investments that provide lower prices and increase wages, while increasing the improvement of the experience of the expanding customer base. “The company continued.

Albertsons described the Kruger’s recent claims “weak”, saying that it is “a deliberate tactic that distracts his attention from the issues of the ongoing executive leadership; blatant and repeated failure to implement its contractual obligations under the integration agreement; and avoid paying the damage to Albertson.” The company also said it was “firmly committed to the success of the group from the beginning.”

Albertson filed a lawsuit against Kruger in December, shortly after a federal judge prohibited the proposed integration between companies, and agreed with the Federal Trade Committee (FTC) that the deal will undermine competition in the grocery industry.

Kroger-ALBERTSONS MERGER HeADS for trial

Albertson argued that Kruger was violating a contract for his failure to “exercise” the best efforts “to secure organizational approval to treat the agreed integration” as required by Kroger under the terms of the integration agreement between the two parties.

American provincial judge, Adrian Nelson, said the plan presented by the two companies to reduce grocery prices and strip more than 500 stores failed to address concerns about Low competition In the sector and the impact that can be on consumers and workers.

Nelson’s decision agreed to the FTC argument that the merger would remove direct competition between the groceries, making it illegal.

index	protection	last	Changing	% Change
your	Kelanova	82.39	-0.11	-0.13 %
ACI	Albertson companies	21.09	+0.28	+1.37 %

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Albertson and Carger have argued in legal deposits and during the three -week trial in Portland, Oregon, that their plan to strip more than 500 stores to sentences in wholesale groceries will ensure that the stores remain open and available to consumers, providing parallel to the joint grocery store. Kruger also pledged to invest a billion dollars to reduce grocery prices after she concluded her acquisition of Albertson.

Eric Rafeel in Fox Business contributed to this report.