Kroger, Albertsons head to court to defend merger plan against U.S. regulators’ objections

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 32 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 180%
  • Publisher: 92%

Canadian News Noticias

Canada News,Breaking News Video,Canadian Breaking News

FTC’s chief trial counsel says the grocers currently compete in 22 states, closely matching each other on price, quality, private label products and services such as store pickup

Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday in Oregon.

“This lawsuit is part of an effort aimed at helping Americans feed their families,” the FTC’s chief trial counsel, Susan Musser, said in her opening arguments on Monday. The commission also alleges that workers’ wages and benefits would decline if Kroger and Albertsons no longer compete with each other.

The labour union also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers. U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsPORTLAND, Ore. (AP) — Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsKroger and Albertsons will defend their plan to merge – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin ...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Kroger plans to lower prices by $1 billion after Albertsons merger closesKroger had previously promised to lower grocery prices by $500 million at Albertsons locations. The supermarket mega-merger, first announced in October 2022...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »