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February 4, 2024 at 11:07 PM. Kroger's Downtown headquarters in Cincinnati. Already under intense federal antitrust scrutiny, Kroger ’s plan to take over rival Albertsons faces growing legal ...
William Kovacic, the director of the Competition Law Center at George Washington University, said 90% of companies that fail to block preliminary injunctions abandon their merger plans. “In ...
On Monday, the U.S. Federal Trade Commission filed an administrative complaint against Kroger's $24.6 billion deal to acquire Albertsons and a federal lawsuit that asks a judge to block the merger ...
Kroger-Albertsons merger. In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion. [1] On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger. [2]
The federal government is suing to block Kroger’s $24.6 billion merger with Boise’s Albertsons supermarket chain. The Federal Trade Commission said Monday that Kroger’s acquisition, which is ...
The Federal Trade Commission 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 ...
A group of nine state attorneys general joined the FTC in the lawsuit, including Nevada attorney general Aaron Ford, who told Yahoo Finance a merger would eliminate pricing competition, and erode ...
Antitrust regulator The Federal Trade Commission filed a lawsuit Monday to kill Kroger's proposed $25 billion takeover of rival grocer Albertons.. The FTC claimed the deal would hurt supermarket ...