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(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 ...
As part of the merger, Kroger and Albertsons proposed divesting hundreds of stores to a company called C&S Wholesale Grocers in order to maintain a competitive market. But Nelson said that plan ...
First announced in October 2022, Cincinnati-based Kroger wants to buy all outstanding shares of Boise, Idaho-based Albertsons, adding most of its employees and stores to its supermarket operation ...
Read more:Kroger-Albertsons mega-merger would cause grocery price hikes, FTC says in suit to block deal Albertsons — 541 S Reino Rd, Newbury Park Pavilions — 2660 San Miguel Dr, Newport Beach
Antitrust experts said much of the FTC’s case is a traditional argument that the acquisition by Kroger would give it too many stores in several markets, which would reduce competition.
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 ...
If the merger is approved, Kroger and Albertsons have agreed to sell 579 stores in places where their stores overlap. The buyer would be C&S Wholesale Grocers, a New Hampshire-based supplier to ...
A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.