Kroger’s plans to buy its grocery rival Albertsons hit a major roadblock Tuesday, when a federal judge put a halt to the deal, which would be the largest supermarket merger in U.S. history. The decision is a blow to Albertsons and Kroger, which announced plans for the $24.6-billion acquisition of its rival in 2022.
The supermarket chains say they’ve kept their gross profit margins low as part of their efforts to lower prices and will reduce the disparity between the grocery prices at Kroger and Albertsons. To fend off concerns that reduced competition would lead to higher grocery store prices, Kroger and Albertsons have proposed selling 579 stores to another company, C&S Wholesale Grocers. The proposal includes 63 stores in California, mainly in Southern California. U.S.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Judge blocks Albertsons-Kroger $25 billion supermarket mergerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Herkunft: NBCNews - 🏆 10. / 86 Weiterlesen »
Court blocks Kroger's $25 billion acquisition of grocery rival AlbertsonsThe FTC argued the merger would eliminate head-to-head competition between the top two traditional grocery chains, leading to higher prices for shoppers.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Court blocks Kroger’s $25 billion acquisition of rival AlbertsonsA U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission in...
Herkunft: dallasnews - 🏆 18. / 71 Weiterlesen »
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.
Herkunft: nbcchicago - 🏆 545. / 51 Weiterlesen »
Federal judge blocks Kroger's $25B acquisition of AlbertsonsA federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »
Federal judge temporarily halts Kroger and Albertsons mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. U.S. District Court Judge Adrienne Nelson issued the ruling Tuesday after holding a three-week hearing in Portland, Oregon.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »