Alaskans react to judges halt of massive proposed merger between Kroger, Albertsons grocery companies

ANCHORAGE, Alaska - Reaction to a massive grocery merger between the parent companies of Carrs-Safeway and Fred Meyer was mostly positive Tuesday in the hours after the news broke.earlier this year, asking Nelson to block the $24.6 billion deal until an in-house administrative judge at the FTC could consider the merger’s implications.Sen. Bill Wielechowski, a state senator who represents much of east Anchorage, said Tuesday that the ruling was “great news for Alaskans.

“This has been a huge concern for a long time,” Wielechowski said. “We don’t have a lot of grocery stores in Alaska, particularly in some of the smaller communities, it’s a real concern that this was going to take grocery stores out of our communities and drive up the cost of products throughout the state.”

Later Tuesday, Judge Marshall Ferguson in Seattle issued a permanent injunction barring the merger in Washington after concluding it would lessen competition in the state. Kroger and Albertsons said Tuesday they are disappointed in the decisions and are reviewing their options. The companies could appeal, although the deal could fall apart in the time it would take for those cases to be considered.Anchorage café closes doors; owners cite downtown problemsAnchorage woman dies after head-on crash on icy Wasilla road

Canada Canada Latest News, Canada Canada Headlines

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

A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsPORTLAND, Ore. (AP) — A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could
Source: Mynorthwest - 🏆 438. / 53 Read more »

Judge blocks Albertsons-Kroger $25 billion supermarket mergerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Source: NBCNews - 🏆 10. / 86 Read more »

Federal judge blocks merger of Kroger and Albertsons, citing threat to competitionThe temporary injunction, which halts the merger while a Federal Trade Commission proceeding plays out, is expected to effectively torpedo that deal.
Source: adndotcom - 🏆 293. / 63 Read more »

Federal judge temporarily halts proposed Kroger and Albertsons supermarket mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal
Source: ABC - 🏆 471. / 51 Read more »

Judge rules to block $24.6 billion Kroger-Albertsons mergerA federal judge ruled Tuesday to block a $24.6 billion merger between American grocery giants Kroger and Albertsons.
Source: nbcchicago - 🏆 545. / 51 Read more »

Federal judge temporarily halts Kroger and Albertsons proposed mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
Source: 10News - 🏆 732. / 50 Read more »