Kroger Fights Albertsons Suit Over Failed $24.6 Billion Deal.

Albertsons is trying to extract billions of dollars, including a $600 million termination fee, with baseless claims that Kroger tried to undermine the deal, attorneys for Kroger wrote in a filing that was unsealed on Tuesday in the Delaware Court of Chancery.

According to Kroger, private equity firm Cerberus Capital Management, the biggest shareholder in Albertsons, was incentivized to push the lawsuit to give “Albertsons the cash it desperately needed to survive, and Cerberus the opportunity to realize a sufficient return on its decades-long investment.”

Source: Finance.Yahoo