“Doomed From The Beginning:” Kroger & Albertsons Trial Ends

The trial in Albertsons’ lawsuit against Kroger has finished, but a decision isn’t likely any time soon. Kroger announced a deal to acquire the Boise-based grocer, but could not win regulatory approval for the transaction.

The ten-day trial in Delaware’s Chancery Court wrapped up after scores of witnesses. As BoiseDev reported, Albertsons is not only seeking a $600 million termination fee it says it is owed, but as much as $9.3 billion total when adding in interest and costs.

As BoiseDev reported, Kroger’s CEO testified that he felt the deal was “doomed” from the beginning.

Read more about the merger drama from BoiseDev here.