Kroger, Albertsons head to court to defend merger plan against regulators' objections

  • 📰 ABC
  • ⏱ Reading Time:
  • 36 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 51%

Legal Proceedings News

Politics,Lawsuits,Business

Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon

FILE - A customer exits a Kroger fueling center on June 26, 2019 in Flowood, Miss. – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin Monday in Oregon.in U.S. history in October 2022. They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco..

The FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge. In a three-week hearing set to begin Monday, U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

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., based in Boise, Idaho, operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together, the companies employ around 710,000 people.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
Source: AKpublicnews - 🏆 387. / 55 Read more »