, which would bring nearly 5,000 stores under one corporate umbrella, ranging from Safeway to Ralphs and Fred Meyer.
The companies have said they expect to sell between 100 and 375 stores to allay government concerns. Ideally, they would like to find buyers for the facilities but could also put them into a new company that would be owned by Albertsons' shareholders. UBS has said it believes the plan will satisfy antitrust enforcers.
This plan could force the FTC, which is probing the deal to make sure it is legal under antitrust law, to not only prove in court that the transaction is illegal but that the proposed remedy is inadequate.widely criticized plan to give Albertsons' shareholders a $4 billion dividend payment. A Washington state court put that plan on hold with the next hearing set for Dec. 9. Separately, the attorneys general of Washington, D.C.; California and Illinois have also sued to stop that payment, arguing it would weaken the company's ability to compete.Diane BartzFocused on U.S.
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La source: Reuters - 🏆 2. / 97 Lire la suite »
Kroger and Albertsons CEOs head to Capitol Hill for merger hearingThe Senate is holding a hearing today on Kroger's proposed $24.6B purchase of rival Albertsons. Here's what to know. TheDemocrats we do NOT need another huge Monopoly NO! We don't need fewer grocery store owners w/just a bunch of different names, giving the illusion of competitioin. EndMonopolies FTC NO MORE MONOPOLIES Honor Antitrust laws!!!!
La source: axios - 🏆 302. / 63 Lire la suite »
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La source: KSLcom - 🏆 549. / 51 Lire la suite »
UFCW Local 7 president, members in D.C. ahead of Kroger-Albertsons merger hearingKim Cordova, president of UFCW Local 7, which represents King Soopers and Safeway workers in Colorado, worries the merger could result in job losses and store closures. via PattrikPerez
La source: DenverChannel - 🏆 239. / 63 Lire la suite »
Kroger, Albertsons Expected to Defend Grocery Merger at Senate HearingThe CEOs of Kroger and Albertsons will likely face questions on how their companies' proposed merger would affect competition and shoppers during a Senate hearing Is it crazy to think that these 2 kinda need this merger? They lose ground all the time to places like WalMart, Aldi and others. Your reminder that post merger the company will have less than 14% of the national grocery market. Proud as punch that her country is bombing innocent children..KARMA
La source: WSJ - 🏆 98. / 63 Lire la suite »