US, states sue to block Kroger-Albertsons merger, saying it could push prices higher

FILE – A Kroger grocery store is seen, Jan. 23, 2021, in Novi, Mich. The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

FILE – A customer removes her purchases at a Kroger grocery store in Flowood, Miss., Wednesday, June 26, 2019. The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

Both companies, immediately after the FTC announcement, said that they will challenge the agency in court. The FTC, which said the proposed deal would be the largest grocery merger in U.S. history, said it would also erase competition for workers, threatening their ability to win higher wages, better benefits and improved working conditions.The Biden administration has also shown a willingness to challenge big mergers in court. Last month, the Justice Department sued to block a proposed merger between JetBlue Airways and Spirit Airlines.

The action by the FTC and the states follows lawsuits filed earlier this year in Colorado and Washington to block the merger. The states that joined the FTC lawsuit Monday are Arizona, California, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

FTC and State AGs Sue to Block Kroger-Albertsons 'Mega Merger'Jake Johnson is a senior editor and staff writer for Common Dreams.
Herkunft: commondreams - 🏆 530. / 51 Weiterlesen »

Employees speak out against proposed Kroger/Albertsons mergerKroger and Albertsons plan to appease federal regulators by selling off more than 400 stores to C&S, the industry’s largest privately owned wholesaler.
Herkunft: ladailynews - 🏆 332. / 59 Weiterlesen »

San Diego County grocery stores that would be sold in Kroger-Albertsons mergerThe merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion deal would lead to higher grocery prices through a reduction in marketplace competition.
Herkunft: sdut - 🏆 5. / 95 Weiterlesen »

Kroger, Albertsons announce stores that would be sold under mergerShark Lab at Cal State Long Beach estimates the shark was 9 feet long, approximately 6-7 years old.
Herkunft: CBS8 - 🏆 335. / 59 Weiterlesen »

Nearly a dozen San Diego County stores would be sold off under Kroger-Albertsons mergerKroger and Albertsons released a list of 579 stores that would be sold off under a proposed mega-merger of the grocery giants, including 63 locations in…
Herkunft: nbcsandiego - 🏆 524. / 51 Weiterlesen »

Full list: Chicago-area Mariano's, Jewel stores being sold amid Kroger/Albertsons mergerNearly three-dozen Illinois grocery stores are being sold to another operator as Kroger and Albertsons continue pursuing a massive merger that could completely…
Herkunft: nbcchicago - 🏆 545. / 51 Weiterlesen »