By Marian Zboraj
Source: Progressive Grocer
The Kroger Co. has reached a settlement with C&S Wholesale Grocers LLC regarding previously pending litigation between the parties in the Superior Court for the State of Delaware.
In March, C&S sued Kroger following the national grocer’s failed mega-merger with Albertsons. C&S had a major stake in the $24.6 billion deal, as it planned to pick up nearly 600 Kroger and Albertsons stores, distribution centers and other assets as part of a divestiture plan.
The wholesaler claimed that it was owed a $125 million termination fee after the deal fell through.
“Kroger failed to identify any reason for its refusal to pay the termination fee it owed C&S — because there is none,” C&S asserted in its legal filing.
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