USA | The Kroger Co. has issued the following statement in response to Albertsons’ lawsuit.
The Kroger Co has said that Albertsons' claims were baseless and without merit.
Kroger refuted these allegations in the strongest possible terms, especially in light of Albertsons' repeated intentional material breaches and interference throughout the merger process, which it will prove in court.
They mentioned that this was an attempt to deflect responsibility following Kroger's written notification of Albertsons' multiple breaches of the agreement and to seek payment of the merger's break fee, to which they were not entitled.
“We are incredibly proud of the Kroger team for how they worked through the merger process with the highest degree of integrity and commitment.”
Kroger looked forward to responding to these baseless claims in court. The company has gone to extraordinary lengths to uphold the merger agreement throughout the regulatory process, and the facts will make that abundantly clear.
“We are confident in Kroger's value creation model's ability to drive sustainable growth. Kroger's Board of Directors is currently evaluating the next steps that will serve the best interests of Kroger's customers and associates and create value for shareholders.”
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