A proposed $25 billion supermarket mega-merger disintegrated Wednesday in bitter recriminations between Albertsons and would-be suitor Kroger following US court rulings blocking the deal.
A day after two courts sided with antitrust regulators who argued the deal was bad for consumers, Albertsons announced it was terminating the transaction and seeking billions of dollars in damages because of Kroger's "willful" breach of contract in failing to exercise "best efforts" to close the deal.
