News Formal

Sanders Says Biden Admin 'Must Reject' Merger of Kroger and Albertsons

  • 📰 commondreams
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

'At a time when food prices are soaring as a result of corporate greed, it would be an absolute disaster to allow Kroger, the 2nd largest grocery store in America, to merge with Albertsons, the 4th largest grocery store in America,' said SenSanders.

"At a time when food prices are soaring as a result of corporate greed, it would be an absolute disaster to allow Kroger... to merge with Albertsons," said the Vermont progressive.Sen.

Thursday night, before an agreement had been reached."The Biden administration must reject this deal."Under the terms of the merger, Kroger agreed to buy Albertsons for a grand total of $24.6 billion. The price tag includes the purchase of Albertsons stock at $34.10 per share and the assumption of approximately $4.7 billion of the company's debt. As part of the transaction, Albertsons will pay its shareholders a special cash dividend of up to $4 billion next month.

Cincinnati-based Kroger trails only Walmart in grocery market share, while Boise-based Albertsons is behind Costco. As a result of Friday's acquisition, the new conglomerate is expected to

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 530. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

SenSanders Imagine when the ENTIRE American food chain supplies are in the hands of ONE CORPORATION. Now, imaging YOU voting for a corporate chill this election. I hope you are thinking.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Shares of Albertsons jump on report of potential merger with grocery giant KrogerGreat, take even more competition out of the grocery business. This is not good news where I live, for all there are are Kroger and Albertsons stores.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Albertsons stock heads higher amid report of Kroger merger interestShares of Albertsons Cos. Inc. undefined were up more than 11% in Thursday morning trading after Bloomberg News reported that Kroger Co. undefinedwas in...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Grocery chains Kroger, Albertsons in talks for possible merger: reportA possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives. Less competition=higher prices & profits. The 'trust' in antitrust. The breaking of supply and demand. Bernie is not going to be happy! The DOJ should never allow this merger.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »