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The FTC has been granted a temporary restraining order blocking the merger from taking place while regulators seek the preliminary injunction. Kroger and Albertsons agreed to the routine measure.
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 ...
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 ...
(Reuters) -A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely ...
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.
[130] [131] About two-thirds of Kroger employees are part-time workers, whose schedules often change making it difficult to take a second job. [132] On July 9, 2024, Kroger released the complete list of 579 stores that would be divested in order to satisfy anti-trust concerns from the Federal Trade Commission.
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 December 2019, Kroger announced that it was divesting its business of the chain. [28] In its third-quarter earnings report filed with the U.S. Securities and Exchange Commission , Kroger reported that "it was taking a $238 million impairment charge on the investment, including a $107 million net loss attributable to its minority interest in ...