FTC Challenges Kroger’s Acquisition of Albertsons
The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc.—alleging that the deal is anticompetitive. The FTC charges that the proposed deal will eliminate fierce competition between Kroger and Albertsons, leading to ...
As Kroger-Albertsons merger faces FTC scrutiny, state lawsuits …
Oct 7, 2024 · In August, the Federal Trade Commission (FTC) made a motion for a preliminary injunction against the proposed $24.6 billion merger of Kroger and Albertsons, two of the largest supermarket...
Kroger-Albertsons merger could raise grocery costs, FTC ... - CBS News
Sep 22, 2024 · Grocery chains Kroger and Albertsons want to merge. It's a move Federal Trade Commission Chair Lina Khan worries could hurt customers already dealing with high food costs.
Is Kroger-Albertsons merger doomed? Why the ruling may …
Sep 14, 2024 · Next month marks two years since Kroger announced it would acquire Albertsons in a $24.6 billion merger. But that deal has been waylaid since February, when the Federal Trade Commission sued to...
'They are all dogs.' Texts could haunt Kroger merger with Albertsons
Aug 30, 2024 · PORTLAND, Ore. − Key to winning antitrust approval of its $25 billion takeover of Albertsons, Kroger plans to sell off 579 stores to what it has described as a “strong competitor,” so there would...
Kroger, Albertsons make final pitch for their merger before judge ...
Sep 17, 2024 · Kroger and Albertsons proposed what would be the largest supermarket merger in U.S. history in 2022. The FTC alleged the merger would eliminate competition and lead to higher food prices for already struggling customers.
Kroger-Albertsons merger: Here's updated timeline for court …
Oct 22, 2024 · The multitude of court cases surrounding Kroger Co.’s efforts to acquire rival Albertsons Cos. Inc. for $24.6 billion are finally coming to a close. But that doesn’t mean the legal wrangling...
Kroger-Albertsons merger case: Here's what's next - USA TODAY
Sep 13, 2024 · The critical hearing in federal court into Kroger’s proposed $25 billion takeover of Albertsons will stretch into a fourth week for closing arguments.
FTC sues to block Kroger and Albertsons merger | AP News
Feb 26, 2024 · The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Kroger, Albertsons may face FTC lawsuit on grocery megamerger - NPR
Jan 9, 2024 · America's two largest supermarket chains have struck a $25 billion deal to combine. Now the FTC is about to decide whether it will block or allow it, and under what conditions.