Kroger and Albertsons grocery megamerger blocked by courts
Dec 10, 2024 · Kroger and Albertsons saw their $24.6 billion merger blocked on Tuesday by judges in two separate cases, one brought by federal regulators and the other by the Washington state attorney general.
Statement on FTC Victory Securing Halt to Kroger, Albertsons …
Dec 10, 2024 · The U.S. District Court for the District of Oregon granted on December 10, 2024, the Federal Trade Commission’s request for a preliminary injunction to prevent Kroger Company from acquiring Albertsons Companies, Inc. in what would be the largest supermarket merger in …
FTC Challenges Kroger’s Acquisition of Albertsons
The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc.—alleging that the deal is anticompetitive.
FTC sues to block Kroger and Albertsons’ $25 billion mega-merger - CNN
Feb 26, 2024 · The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store...
The Kroger Co. - Kroger Issues Statement on FTC Decision to …
CINCINNATI, Feb. 26, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today issued the following statement: Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to …
FTC sues to block Kroger and Albertsons merger | AP News
Feb 26, 2024 · The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
5 days ago · On December 11, Kroger and Albertsons announced an abandonment of their proposed merger. 3. The announcement followed a ruling by the U.S. District Court for the District of Oregon granting the Federal Trade Commission’s request for a preliminary injunction halting the transaction. 4
Kroger and Albertsons Confront a Skeptical F.T.C. in federal court ...
Aug 26, 2024 · The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.
The FTC ruling killed the Kroger-Albertsons merger. What's next ...
Dec 19, 2024 · Kroger, the nation’s largest operator of traditional supermarkets, would buy Albertsons, the second-largest such operator, for $24.6 billion and merge it into Kroger’s operations.
Kroger-Albertsons merger, FTC decision handed down in court ...
Dec 10, 2024 · A federal judge blocked Kroger Co.'s planned $24.6 billion acquisition of Albertsons Cos. Inc. in a court decision handed down Tuesday, Dec. 10. STORY HIGHLIGHTS A federal judge blocked Kroger Co ...