As inflation and grocery prices remain central issues in the upcoming November election, the Federal Trade Commission has kicked off a trial to block a merger between the two largest traditional supermarket chains in the U.S.On Monday, Kroger and Albertsons defended their $25 billion merger plan in a federal court hearing in Oregon, where they tried to overcome the U.S. government's objections.
When there are only a small number of players, it is much easier to collude, and even short of collusion, it is easier to predict competitors' actions,' said Isabella Weber, an associate professor of economics at the University of Massachusetts Amherst.What's the Impact for Consumers?The potential impact of the Kroger-Albertsons merger on grocery prices is complex and may vary depending on where consumers live.
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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.
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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.
출처: ladailynews - 🏆 332. / 59 더 많은 것을 읽으십시오 »
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.
출처: ABC7 - 🏆 67. / 68 더 많은 것을 읽으십시오 »
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.
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Kroger and Albertsons spending more than $800 million on merger feesKroger Co. and Albertsons Cos. have spent more than $800 million on fees to lawyers, bankers and advisers for their proposed merger, underscoring the high...
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