Bellwether trial in Kroger-Albertsons merger begins Monday

  • 📰 AKpublicnews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Most Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.

Shoppers come and go from Fred Meyer and Carrs stores that face each other across the Seward Highway in Midtown Anchorage on Thursday, Aug. 8, 2024. The parent companies of the competing businesses, Kroger and Albertsons, want to merge.

“We stand prepared to defend this merger in the upcoming trial in federal court,” Kroger CEO Rodney McMullen said in. “The merger between Kroger and Albertsons is squarely focused on ensuring we bring customers lower prices starting day one while securing the future of good-paying union jobs.” The Federal Trade Commission, consumer advocacy groups, grocery labor unions and a lot of elected officials and regular people don’t believe the companies. They think the merged company would be too powerful, and will end up hurting regular shoppers and workers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 387. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kroger sues government for blocking merger with AlbertsonsJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Source: 10News - 🏆 732. / 50 Read more »

Kroger, Albertsons pledge to cut prices by $1 billion after mergerGrocery giants Kroger and Albertsons are looking to convince federal regulators that its proposed $25 billion merger won't negatively impact consumers by...
Source: dallasnews - 🏆 18. / 71 Read more »

Wall Street skeptical as Kroger promises to slash grocery prices by $1B after Albertsons mergerThe merger has faced substantial legal hurdles and comes at a time of low consumer sentiment.
Source: nypost - 🏆 91. / 67 Read more »

Kroger and Albertsons spending more than $800 million on merger feesKroger Co. and Albertsons Cos. have spent more than $800 million on fees to lawyers, bankers and advisers for their proposed merger, underscoring the high...
Source: dallasnews - 🏆 18. / 71 Read more »

Lawmakers push to block Kroger-Albertsons merger amid competition concernsMore than two dozen members of Congress are working to stop a merger between Kroger and Albertsons.
Source: KUTV2News - 🏆 281. / 63 Read more »