Albertsons Demands Billions from Rival Kroger after Terminating Merger Bid

Albertsons on Wednesday terminated its $25 billion bid to merge with Kroger after courts blocked the deal and sued its rival, alleging a breach of contract that led to the deal's demise.

The formal termination ends a two-year long effort by the chains to combine that regulators argued would lead to higher prices for shoppers. Albertsons said it was suing due to Kroger's failure to take "any and all actions" to get the deal approved.

Albertsons is seeking billions of dollars in damages along...

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