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Haggen sues Albertsons for $1 billion over grocery deal

The grocery chain Haggen, which has closed two of its three Tucson stores, has sued Albertsons for $1 billion, alleging anti-competitive practices and fraud in the wake of a deal that saw the chain take over 146 Albertsons and Safeway stores as those companies merged.
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2 comments on this story

1
5 comments
Sep 1, 2015, 7:29 pm
-0 +1

Amateurs who got in over their heads and believed everything they were told. A sucker born every minute.

2
556 comments
Sep 1, 2015, 8:32 pm
-0 +1

@truttman,

While they’re nowhere near as large as Cerberus, the private equity firm Comvest Partners has about $2.3 billion in investments in dozens of companies other than Haggen. Maybe they got played, but they didn’t just sit down at the table.

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