Kroger-Albertsons merger could raise grocery costs, FTC ... - CBS News
WEB13 hours ago · FTC Chair Lina Khan wants to keep fighting non-competes. The FTC grocery suit focuses on Kroger, which owns Ralph's; and Albertsons, which owns Safeway. Together, the two companies have nearly ...
Kroger-Albertsons merger could increase grocery costs, FTC
WEB11 hours ago · Federal Trade Commission Chair Lina Khan suggested in an interview broadcast Sunday that the largest-ever proposed grocery merger could increase shopping costs. Why it matters: The trial of the proposed merger of Kroger and Albertsons wrapped up last week and if the court sides with the FTC and grants an injunction, it …
Inside closing arguments from the FTC’s challenge to Kroger-Albertsons …
WEB5 days ago · PORTLAND, Oregon — The court case that could have a major impact on how groceries are sold in the U.S. is now in a federal judge’s hands. On Tuesday, lawyers on both sides of the Federal Trade Commission’s challenge to Kroger’s proposed acquisition of Albertsons made their closing arguments.
Kroger, Albertsons make final pitch for their merger before judge ...
WEB5 days ago · The federal courthouse is reflected in the rear window as Albertsons CEO Vivek Sankaran enters a vehicle and leaves after testifying in a federal court hearing on Wednesday, Sept. 4, 2024, in Portland, Ore. The Federal Trade Commission is seeking a preliminary injunction to block a merger of supermarket companies Albertsons and Kroger.
What's at Stake as FTC's Legal Fight Against Kroger-Albertsons Merger …
WEB5 days ago · The 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 ...
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.
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.
What’s at stake as the FTC tries to kill the Kroger-Albertsons merger
WEBFeb 27, 2024 · The Biden administration’s move Monday to try to block the $24.6 billion deal to combine Kroger and Albertsons supermarket chains came as no surprise. This White House has launched some of the...
FTC sues to block Kroger and Albertsons merger | AP News
WEBFeb 26, 2024 · The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
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 presented...