Search results
Results from the WOW.Com Content Network
Considering Kroger's and Albertsons' single-digit shares of the properly defined market, and competition from other grocers not recognized by the FTC, the merger was more likely to save Albertsons ...
(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. ... The FTC had voted 3-0 in ...
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.
Kroger also pledged to invest $1.3 billion in store improvements at Albertsons as part of the deal. The FTC, which said the proposed deal would be the largest grocery merger in U.S. history, said ...
The FTC also makes another argument that combining Kroger and Albertsons will hurt union workers because they would no longer be able to make the two companies compete for their labor.
Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract. "Given the ...