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The FTC and state legal authorities prevailed this month in lawsuits brought against the proposed $25 billion merger between Albertsons and Kroger, which would have been the largest-ever merger in ...
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 ...
The FTC had voted 3-0 in favor of pursuing its complaint against Kroger and Albertsons earlier this year. The agency is chaired by Lina Khan , the progressive antitrust regulator installed by ...
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, according to the FTC ...
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 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 ...
(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.