Lawyers make final pitch for Kroger/Albertsons merger in federal court

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

Kroger News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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…

Lawyers for the Federal Trade Commission and for the supermarket chains gave their closing arguments at the end of a three-week hearing on the commission's request for a preliminary injunction to Kroger and Albertsons argued their merger would preserve consumer choice by allowing them to better compete against growing rivals like Walmart, Costco and Amazon.

Federal jury orders Chicago Board of Education to pay $750k to family of child beaten in school in 2018 But Musser said the judge should be skeptical about the companies' promises, which aren't legally binding. Kroger and Albertsons' executives might be well-intentioned, she said, but they will face pressure to report profits and keep prices high.

In seeking to stop the merger, the FTC and labor union leaders have argued that workers’ wages and benefits would decline if Kroger and Albertsons no longer competed with each other. They also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers.

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:

 /  🏆 545. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Lawyers make final pitch for Kroger/Albertsons merger in federal courtThe federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing…
Source: nbcchicago - 🏆 545. / 51 Read more »

Kroger, Albertsons prepare to make final federal court argument for mergerOver the course of the three-week hearing in Portland, Oregon, the two companies have insisted that merging would allow them to lower prices and more effectively compete with retail giants like Walmart and Amazon.
Source: fox13seattle - 🏆 328. / 59 Read more »

Kroger CEO defends potential Albertsons merger in federal court testimony: 'We will begin lowering prices'The $24.6 billion Kroger-Albertsons deal would be the largest grocery chain merger in U.S. history.
Source: CBSNews - 🏆 87. / 68 Read more »

Kroger, 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.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

FTC lawsuit over Kroger-Albertsons merger is a political tightrope for Harris and TrumpPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Source: dcexaminer - 🏆 6. / 94 Read more »