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The proceeding, scheduled to last as long as through Sept. 13, is a hearing for a preliminary injunction that would stop the merger as the FTC pursues the rest of its case against the merger in ...
In defending the merger, Kroger said last week that it would yield lower prices for customers and enhance workers' job security. The company also recently said the deal would eventually lower ...
A federal judge has ruled against Kroger’s $25 billion takeover bid for Albertsons, granting a preliminary injunction blocking the deal.. After holding a more than three-week "mini-trial" in ...
If the merger had been approved, the two supermarket chains would have run more than 5,000 stores in 48 states, according to the FTC’s lawsuit. Albertsons owns the well-known brands Pavilions ...
Such a move stops the clock for any regulatory deadlines to decide whether to approve or fight a proposed merger. Kroger disclosed in December 2022 that the FTC had made a second request and has ...
Antitrust law experts have said Kroger and Albertsons need to win all three cases in order keep their merger prospects alive. Any decision in the cases would be subject to appeal by either the ...
In February 2024, the Federal Trade Commission (FTC) filed a lawsuit to block the merger stating the deal would raise prices, lower quality, limit choices for consumers, and harm workers. [3] In December 2024, a U.S. District Judge agreed with the FTC, that the merger would risk reducing competition at the expense of both consumers and workers.
The FTC plainly sees the Albertsons-Kroger merger as a key battle in its campaign. It would be the largest supermarket in U.S. history, concocted by the largest and second-largest such chains ...