Congresswoman Jan Schakowsky, a Democrat representing Chicago, has signed a letter to the Federal Trade Commission, asking the agency to "closely consider" both companies' history of "monopoly, labor and consumer abuses," and "whether the acquisition would exacerbate these abuses for American families."The letter is also signed by senators Elizabeth Warren and Bernie Sanders.
Experts had predicted the proposed deal would face backlash from politicians and strict scrutiny from federal regulators, given antitrust concerns and the inflationary price hikes that have hit grocery aisles.All the news you need to know, every day
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Citing 'Aggressive Profiteering,' Sanders and Warren Urge FTC to Stop Kroger-Albertsons Merger'Kroger's and Albertsons' anticompetitive policies have harmed consumers, workers, small businesses, and the economy as a whole,' argue Sens. Elizabeth Warren (D-Mass.), Sen. Bernie Sanders (I-Vt.), and Rep. Jan Schakowsky (D-Ill.) in a letter urging the FTC to oppose the supermarket giants' proposed merger. SenWarren SenSanders RepSchakowsky Fake Indian talking with fake socialist
Source: commondreams - 🏆 530. / 51 Read more »
State attorney general cries foul over Kroger, Albertsons mergerWashington State Attorney General Bob Ferguson is crying foul over a mammoth $4 billion payout to shareholders as part of a merger between Kroger and Albertsons supermarkets. Sideshow Bob is mad that he didn’t get his (extortion) fee. 🤣 All he does is cry War on unions: Grocers have been cutting wages, benefits & pension in contract cuts for decades. To ⬆️ profits. That 4B payout will help them into bankruptcy where they will claim they can’t afford the pension liability. After decades of cutting their payments into said pensions.
Source: KIRO7Seattle - 🏆 271. / 63 Read more »
Attorneys general say Albertsons should delay $4 billion dividend while Kroger merger under reviewIllinois Attorney General Kwame Raoul said the parent company of Chicago grocery chain Jewel-Osco should hold off on taking action while the deal is under review.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
Attorneys general in 5 states and D.C. slam $4 billion dividend payout planned by Albertsons ahead of Kroger mergerTwo weeks after Albertsons and Kroger announced a massive grocery merger, a plan by Albertsons to pay investors a $4 billion dividend is drawing more fire from shoppers, workers and state officials. Via seattletimes
Source: adndotcom - 🏆 293. / 63 Read more »
Amid deal with King Soopers’ parent company, Albertsons urged by AGs to pause $4B payoutAlbertsons Cos. should hold off on a $4 billion dividend payment to shareholders while a pending merger with Kroger Co. is reviewed, Washington, D.C., Attorney General Karl Racine said on behalf of a bipartisan group of attorneys general.
Source: denverpost - 🏆 13. / 72 Read more »