Albertsons (ACI) is demanding that Kroger (KR) provide details on personal conduct that led the company to replace former CEO Rodney McMullen, Bloomberg’s Sabrina Willmer and Jef Feeley report. Attorneys for Albertsons wrote in a court filing on Sunday that they need to know what happened since McMullen “micro-managed the merger from beginning to end, and his business ethics lie at the heart of this case.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACI:
- Netflix downgraded, Intel initiated: Wall Street’s top analyst calls
- Albertsons upgraded to Buy from Neutral at UBS
- Target downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls
- Albertsons initiated with an Underweight at Barclays
- Albertsons price target raised to $24 from $23 at Roth Capital