Kroger and Albertsons were expected to present their closing arguments Tuesday in a U.S. District Court hearing on their proposed merger, which the federal government hopes to block.The Federal Trade Commission argued that the deal would eliminate competition and lead to higher food prices for already struggling customers.In 2022, Kroger and Albertsons proposed what would be the largest supermarket merger in U.S. history. But the FTC sued to prevent the $24.6 billion deal.The FTC wants U.S.
Laura Hall, the FTC’s senior trial counsel, cited internal documents that indicated C&S executives were skeptical about the quality of the stores they would get and may want the option to sell or close them.But C&S CEO Eric Winn testified that he thinks his company can be successful in the venture.The attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming all joined the case on the FTC’s side.
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Kroger and Albertsons prepare to make a final federal court argument for their mergerClosing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »
Kroger and Albertsons prepare to make a final federal court argument for their mergerClosing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons
Herkunft: ABC - 🏆 471. / 51 Weiterlesen »
Kroger and Albertsons prepare to make a final federal court argument for their mergerClosing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »
Kroger CEO defends potential Albertsons merger in federal court testimony: 'We will begin lowering prices'The $24.6 billion Kroger-Albertsons deal would be the largest grocery chain merger in U.S. history.
Herkunft: CBSNews - 🏆 87. / 68 Weiterlesen »
Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsKroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon. In October 2022, the chains proposed what would be the largest supermarket merger in U.S. history. They say joining together would help them compete with big rivals like Walmart and Costco.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »