PORTLAND, Ore. - The federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing arguments the combination would “almost certainly” benefit shareholders and not everyday shoppers.
U.S. District Judge Adrienne Nelson must now decide whether to grant the injunction while the FTC's anti-trust complaint goes goes before an in-house administrative law judge. Nelson said she would work “expeditiously” on her decision, but she didn't say when she would rule. But Wolf pushed back, saying Kroger and Albertsons were competing for the same customers as retailers that have lower labor costs because their workers aren't unionized.Kroger has said it plans to invest $1 billion in lower prices, if the merger goes through. Wolf said the company would focus on lowering prices “from day one.”
FTC attorneys have noted that the two supermarket chains currently compete in 22 states, closely matching each other on price, quality, private label products and services like store pickup. Shoppers benefit from that competition and would lose those benefits if the merger is allowed to proceed, they said.
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Federal Government Urges Court To Block Kroger-Albertsons MergerThe Federal Trade Commission (FTC) argues that the $24.6 billion merger between Kroger and Albertsons would eliminate competition and lead to higher food prices for consumers, while the supermarket chains claim it would allow them to better compete with rivals like Walmart and Amazon.
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Kroger and Albertsons defend merger plan in federal court against regulators’ objectionsA lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t allowed to proceed.
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Kroger and Albertsons defend merger plan in federal court against US regulators' objectionsSupermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn’t allowed to proceed.
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Kroger, Albertsons defend merger plan in federal court against US regulators’ objectionsIn the three-week hearing that opened Monday, the FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge.
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