Kroger sues government for blocking merger with Albertsons

Kroger announced that it has filed a lawsuit against the Federal Trade Commission as the government agency has stood in the way of the company's proposed merger with Albertsons.Kroger is attempting to stop the FTC from administrative proceedings that challenge the merger of the two large grocery chains. The company argues that the administrative proceedings violate constitutional protections while the government also takes the issue to federal court.

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. “Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating.”A federal court is scheduled to begin considering the case on August 26.

Indonesia Berita Terbaru, Indonesia Berita utama

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

Lawmakers push to block Kroger-Albertsons merger amid competition concernsMore than two dozen members of Congress are working to stop a merger between Kroger and Albertsons.
Sumber: KUTV2News - 🏆 281. / 63 Baca lebih lajut »

Proposed Kroger-Albertsons merger draws criticism from Los Angeles city leadersThe 63 California stores slated to be sold to C&S Wholesale Grocers if the merger goes through include 15 Albertsons locations, 31 Vons locations, 16 Pavilions locations and one Safeway.
Sumber: CBSLA - 🏆 552. / 51 Baca lebih lajut »

Albertsons-Kroger grocery merger has no friends among these 5 LA City Council membersThe council members are co-authors of a resolution that says the proposed merger is anti-competitive, would lead to higher prices and would undermine workers and communities across L.A.
Sumber: ladailynews - 🏆 332. / 59 Baca lebih lajut »

LA councilmembers introduce formal opposition of proposed Albertsons-Kroger mergerFive L.A. councilmembers introduced a resolution Friday intended to formalize the city's position against the proposed Albertsons-Kroger merger.
Sumber: ABC7 - 🏆 67. / 68 Baca lebih lajut »

Kroger and Albertsons merger on hold until Denver court rules on lawsuitDenver judge issued a preliminary injunction Thursday — which all sides agreed to — that prevents the $24.6 billion merger from closing until five days after the lawsuit is addressed.
Sumber: denverpost - 🏆 13. / 72 Baca lebih lajut »