Albertsons (ACI) and Kroger (KR) terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging a breach of contract that led to the deal’s demise.
“We are disappointed by the Court’s decision, but not surprised, given the narrow view of competition adopted by the FTC and pushback and lawsuits from multiple state attorneys general,” Telsey Advisory Group analysts said after the deal was blocked.
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