FTC Challenges Kroger’s Acquisition of Albertsons
WEBThe Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc.—alleging that the deal is anticompetitive.
What's at Stake as FTC's Legal Fight Against Kroger-Albertsons Merger …
WEBThe Federal Trade Commission's (FTC) legal challenge against the proposed $24.6 billion merger of Kroger (KR) and Albertsons (ACI) is set to end in an Oregon federal court Tuesday, with a judge to ...
As the clock ticks on the Kroger-Albertsons merger, the stakes …
WEBSep 10, 2024 · The FTC is also investigating the merger plan through an administrative law tribunal that is taking place concurrently with the trial. In August, Kroger filed a lawsuit claiming that process is unconstitutional. Kroger and Albertsons are also facing state lawsuits filed by the attorneys general of Washington and Colorado aimed at stopping the ...
Kroger and Albertsons make a final pitch for their merger before …
WEBKroger and Albertsons prepare to make a final federal court argument for their merger. P ORTLAND, Ore. (AP) — Kroger and Albertsons were expected to present their closing arguments Tuesday in a ...
Closing arguments in FTC’s case against Kroger-Albertsons merger …
WEB3 days ago · Attorneys representing the Federal Trade Commission and supermarket chains Kroger and Albertsons are set to make their closing arguments Tuesday, bringing to a close the three-week-long trial during which the regulatory agency made its case to halt the companies’ plan to merge. Both sides will present their …
Pivotal Week Ahead in Kroger-Albertsons Case After FTC Lands …
WEBSep 3, 2024 · PORTLAND, Ore.—Antitrust enforcers will go for the knockout punch this week against Kroger’s planned acquisition of Albertsons, after landing several blows against the largest-ever proposed...
Kroger and Albertsons defend merger plan in ... - Associated Press News
WEBAug 26, 2024 · But the Federal Trade Commission sued to prevent the $24.6 billion deal, alleging it would eliminate competition and raise grocery prices in a time of already high food price inflation.
Kroger and Albertsons' proposed grocery store merger is going …
WEBAug 25, 2024 · Kroger and Albertsons – two of the largest grocery chains in the U.S. – announced in October 2022 that they planned to merge. The companies say the $24.6 billion deal would hold down prices by giving them more leverage with suppliers and allowing them to combine their store brands.
FTC and 9 states sue to block Kroger-Albertsons supermarket merger
WEBFeb 26, 2024 · U.S. regulators and nine state attorneys general are suing to stop the $24.6 billion merger of Kroger and Albertsons, the country's two largest supermarket chains. The companies have...
As clock ticks on Kroger-Albertsons FTC case, more court battles …
WEBAbout the Kroger Albertsons merger. The proposed merger, if successful, would be among the largest ever in retail. Kroger would operate more than 4,400 supermarkets (up from 2,700) generating ...