Published 2 months ago

FTC moves to block Kroger acquisition of Albertson's grocery stores

Nevada and the Federal Trade Commission filed a lawsuit to block the Kroger-Albertsons merger worth $24.6 billion, citing concerns about competition and potential price increases.
The merger, if completed, would create a chain of over 5,000 stores, impacting approximately 700,000 workers and reaching 85 million American households.
Kroger plans to invest $500 million in price reductions and $1.3 billion in store improvements at Albertsons as part of the deal.

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Associated Press News

US sues to block $24.6 billion merger of US grocery giants Kroger and Albertsons, saying it will lead to higher prices

US sues to block $24.6 billion merger of US grocery giants Kroger and Albertsons, saying it will lead to higher prices.

2 months ago·United States

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abc News

Federal Trade Commission sues to block Kroger, Albertsons merger

The Federal Trade Commission on Monday sued to halt the Kroger and Albertsons merger, according to court documents filed in federal court.

2 months ago·United States

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The Business Journals

FTC sues to block Kroger's planned $24.6 billion acquisition of Albertsons

The Federal Trade Commission filed a lawsuit to block Kroger’s planned $24.6 billion acquisition of Albertsons.

2 months ago·United States

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WION

US FTC suing to block $25bn Kroger-Albertsons supermarket deal

The US Federal Trade Commission and eight states said on Monday (February 26) they are suing to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons, saying it would boost grocery prices for millions of Americans. The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures and d

2 months ago·Noida, India

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npr

U.S. sues to block grocery megamerger of Kroger and Albertsons

The largest grocery merger in recent history is facing a federal lawsuit. Regulators and nine state attorneys general have sued to block Kroger's purchase of Albertsons.

2 months ago·Washington, United States

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UPI

FTC moves to block Kroger acquisition of Albertson's grocery stores

The Federal Trade Commission is suing to stop the proposed $24.6 billion acquisition of Albertson's Companies by The Kroger Company, according to court documents filed Monday.

2 months ago·Washington, United States

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