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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 ...
Kroger’s plans to buy its grocery rival Albertsons hit a major roadblock Tuesday, when a federal judge put a halt to the deal, which would be the largest supermarket merger in U.S. history.
PORTLAND, Ore. – After more than a week of the Federal Trade Commission’s antitrust case against Kroger’s $25 billion bid to take over rival Albertsons, you might wonder what it’s like in ...
(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 ...
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.
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.
What the FTC says. Allowing Kroger and Albertsons to merge would curtail grocery industry competition, giving the combined entity more market power at a time food store prices remain elevated ...
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 ...