Shares of grocery retailer Albertsons rose Wednesday morning after the company reported better third-quarter earnings than ...
What’s next for Kroger following its failed bid to buy Albertsons? Will the divorce affect Rodney McMullen’s future? Will the ...
During the heyday of American antitrust rulings, from the 1930s to the ’70s, few industries faced as much scrutiny as the ...
The FTC sued in February to halt on antitrust grounds downtown Cincinnati-based Kroger’s (NYSE: KR) plans to buy Boise, Idaho-based rival Albertsons (NYSE: ACI) in a deal involving the nation ...
Last month, the FTC revived a long-dormant anti-monopoly law to take on the nation’s largest wine and spirits distributor.
In its efforts to block the acquisition the FTC said the deal would reduce competition as well as lead to higher prices for US grocery shoppers and lower wages for workers. "Kroger and Albertsons ...
The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges ...
The FTC successfully argued that the merger would raise prices by eliminating competition and weaken union bargaining power. Kroger and Albertsons countered that they needed to merge to compete ...
Several prominent mergers and acquisitions have been blocked or challenged by the Biden-Harris administration in 2024, ...
The FTC, joined by eight states and the District of Columbia, argued that allowing the Kroger-Albertsons deal to go forward would give consumers — who have already seen grocery prices surge by ...
The FTC also raised concerns about the potential harm to grocery workers, claiming the merger would diminish their bargaining power for better wages and working conditions. Kroger and Albertsons ...