State attorney general cries foul over Kroger, Albertsons merger

  • 📰 KIRO7Seattle
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Washington State Attorney General Bob Ferguson is crying foul over a mammoth $4 billion payout to shareholders as part of a merger between Kroger and Albertsons supermarkets.

Ranji Sinha, KIRO 7 NewsWashington State Attorney General Bob Ferguson is crying foul over a mammoth $4 billion payout to shareholders as part of a merger between Kroger and Albertsons supermarkets.

It also says that federal and state competition laws forbid parties from entering agreements that hurt competition or restrain trade. Unions representing grocery store workers have also cried foul over the massive dividend payment and the merger in general. Local union chapters UFCW 3000, UFCW 367 and Teamsters 38 sent a release to KIRO 7 stating that the unions strongly oppose the dividend payout, and are calling upon elected officials and regulators to stop the payment and the resulting devaluation of the company at a time when consumers are facing crushing inflation.

 

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

BobFergusonAG Tiffany is an amazing advocate for the caregiver program,' Murray said on the Senate floor in 2018.

Amusing that many investment in companies in hopes of building a retirement nest egg. Then comes government whose retirement is paid for by taxpayers that then want shareholders to not get any return on their investment.

BobFergusonAG Has Safeway’s apparent elimination of budget priced store brands since their merger also been “good for consumers?”

BeverlyFolkers wait, whaaat Albertsons and Safeway have already merged and now Freddies is merging too?

AGOWA would sue his Mother if he thought it get him a headline!

He's not in a position to 'warn' anyone over any of this. C'mon, Sideshow. Stay in your lane. AGOWA

Wtf is wrong with sideshow Bob? People getting a payout is a good thing

War on unions: Grocers have been cutting wages, benefits & pension in contract cuts for decades. To ⬆️ profits. That 4B payout will help them into bankruptcy where they will claim they can’t afford the pension liability. After decades of cutting their payments into said pensions.

All he does is cry

Sideshow Bob is mad that he didn’t get his (extortion) fee. 🤣

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:

 /  🏆 271. in US

United States United States Latest News, United States United States Headlines