The largest proposed grocery merger in U.S. history is heading to court. On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco.
Starting Monday, a federal district court judge in Portland, Oregon, will consider both sides and decide whether to grant the FTC’s request for a preliminary injunction against the proposed merger
As Kroger seeks to acquire Albertsons, federal regulators argue that the biggest supermarket combination in history will hurt not only consumers, but workers as well.
Kroger and Albertsons will defend their plan to merge — and try to overcome the U.S. government’s objections — in a federal court hearing scheduled to begin Monday in Oregon.
Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday.
The FTC said the combination of the two supermarket companies would obliterate competition, leading to higher prices and lower-quality products for Americans.
A lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t
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.
A lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t allowed to proceed.
The Federal Trade Commission kicked off a trial on Monday in its bid to block Kroger's $25 billion merger with Albertsons, telling a federal judge in Portland, Ore., that the deal would eliminate competition between the top grocery store chains and hit consumers' wallets.
Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday in Oregon.
The two companies proposed a record supermarket merger to compete with Walmart, but the FTC blocked it, citing reduced competition and higher grocery prices.
The FTC lawsuit to block the Albertsons-Kroger merger went to trial on Monday, with the agency arguing the deal undermines competition and the companies saying it will help consumers.
