Kroger, Albertsons head to court to defend merger plan against U.S. regulators’ objections

Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday in Oregon.

“This lawsuit is part of an effort aimed at helping Americans feed their families,” the FTC’s chief trial counsel, Susan Musser, said in her opening arguments on Monday. The commission also alleges that workers’ wages and benefits would decline if Kroger and Albertsons no longer compete with each other.

The labour union also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers. 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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsPORTLAND, Ore. (AP) — Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsKroger and Albertsons will defend their plan to merge – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin ...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Kroger plans to lower prices by $1 billion after Albertsons merger closesKroger had previously promised to lower grocery prices by $500 million at Albertsons locations. The supermarket mega-merger, first announced in October 2022...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »