A federal judge in Portland, Oregon, is scheduled to consider the case starting Monday and then decide whether to grant the FTC’s request for a preliminary injunction against the merger.
The largest proposed grocery store merger in U.S. history is going to court.On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco. On the other side are antitrust regulators from the Federal Trade Commission, who say the merger would eliminate competition and raise grocery prices in a time of already high food price inflation.
The buyer would be C&S Wholesale Grocers, a New Hampshire-based supplier to independent supermarkets that also owns the Grand Union and Piggly Wiggly store brands. Kroger and Albertsons initially planned to divest 413 stores, but the FTC said that plan would not have allowed C&S to be a robust competitor. Kroger and Albertsons agreed to divest additional stores in April. Washington has the most stores that would be divested, with 124, followed by Colorado with 91 and California with 63.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court. On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco.
Read more »
Mega-merger between Kroger and Albertsons delayed by a Colorado courtThe proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.
Read more »