A federal judge temporarily halts the proposed supermarket merger of Kroger and Albertsons

FILE – The exterior of Kroger’s fulfillment center is shown on July 27, 2022 in Dallas, Tex. earlier this year, asking Nelson to block the $24.6 billion deal until an in-house administrative judge at the FTC could consider the merger’s implications.“Any harms defendants experience as a result of the injunction do not overcome the strong public interest in the enforcement of antitrust law, especially given the difficulty in disentangling a premature merger,” she wrote in her opinion.

But Kroger and Albertsons argued their merger would preserve consumer choice by allowing them to better compete against its growing rivals. In its testimony,that it might have to lay off workers, close stores and even exit some markets if the merger weren’t allowed to proceed.The FTC argued that C&S is ill-prepared to take on the stores and may want the option to sell or close them. But Kroger and Albertsons said C&S has the experience and national scale to handle the divestiture.

Property owners tied to Colorado group that fenced off public land failed to pay taxes on the acreage they do ownColorado director's "The Wild Robot" just became one of the most nominated movies in Golden Globes history

Singapore Singapore Latest News, Singapore Singapore Headlines

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

A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsPORTLAND, Ore. (AP) — A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could
Source: Mynorthwest - 🏆 438. / 53 Read more »

Judge blocks Albertsons-Kroger $25 billion supermarket mergerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Source: NBCNews - 🏆 10. / 86 Read more »

Federal judge blocks merger of Kroger and Albertsons, citing threat to competitionThe temporary injunction, which halts the merger while a Federal Trade Commission proceeding plays out, is expected to effectively torpedo that deal.
Source: adndotcom - 🏆 293. / 63 Read more »

Federal judge temporarily halts proposed Kroger and Albertsons supermarket mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal
Source: ABC - 🏆 471. / 51 Read more »

Judge rules to block $24.6 billion Kroger-Albertsons mergerA federal judge ruled Tuesday to block a $24.6 billion merger between American grocery giants Kroger and Albertsons.
Source: nbcchicago - 🏆 545. / 51 Read more »

Federal judge temporarily halts Kroger and Albertsons proposed mergerA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal.
Source: 10News - 🏆 732. / 50 Read more »