Kroger, C&S settle $125M lawsuit
Kroger, C&S settle $125M lawsuit
Another chapter has closed in the lengthy — and ultimately doomed — $24.6 billion merger between Kroger and Albertsons. As part of the merger the companies were to divest 579 stores to C&S Wholesale Grocers. When the deal fell apart C&S filed a $125 million lawsuit against Kroger. The two companies have now reached a settlement. While C&S said it was entitled to $125 million as a termination fee, Kroger filed counterclaims stating Albertsons and C&S undermined the deal by engaging in a secret and misguided campaign. The terms of the settlement are confidential, but Kroger said all claims have