Kroger-Albertsons merger in jeopardy

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.

The Federal Trade Commission sued to block the proposed $24.6 billion merger of Kroger and Albertsons, alleging that the deal is anticompetitive. The deal has faced fierce pushback from the government over concerns that it would lead to higher prices and lower-quality goods for millions of Americans.

"Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," said Henry Liu, director of the FTC’s Bureau of Competition. Liu further argued that "workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 458. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Colorado Attorney General announces lawsuit to block Kroger, Albertsons mergerJeff is a digital journalist with the Denver7 team.
Sumber: DenverChannel - 🏆 239. / 63 Baca lebih lajut »

What happened to the dozen D-FW supermarkets sold in the last big grocery merger?Kroger has said it will sell 26 stores in Texas to comply with antitrust concerns around its proposed plan to buy Albertsons.
Sumber: dallasnews - 🏆 18. / 71 Baca lebih lajut »