Kroger-Albertsons merger could raise grocery costs, FTC ... - CBS News
WEB22 hours ago · FTC Chair Lina Khan wants to keep fighting non-competes. The FTC grocery suit focuses on Kroger, which owns Ralph's; and Albertsons, which owns Safeway. Together, the two companies have nearly ...
Kroger-Albertsons merger could increase grocery costs, FTC
WEB20 hours ago · Federal Trade Commission Chair Lina Khan suggested in an interview broadcast Sunday that the largest-ever proposed grocery merger could increase shopping costs.. Why it matters: The trial of the proposed merger of Kroger and Albertsons wrapped up last week and if the court sides with the FTC and grants an injunction, it …
Kroger, Albertsons make final pitch for their merger before judge ...
WEB6 days ago · Kroger sued the FTC last month, however, alleging the agency’s internal proceedings are unconstitutional and saying it wants the merger’s merits decided in federal court. That lawsuit is being considered by a federal court in Ohio. Shares in both Kroger and Albertsons fell 2% in trading Tuesday. ___ Durbin reported from Detroit.
FTC Slams Kroger’s Collateral Attack on In-House Proceeding
WEB6 days ago · The Federal Trade Commission wants Kroger Co.'s challenge of the constitutionality of its in-house proceedings moved to the same court hearing the agency’s bid to block the grocer’s purchase of rival Albertsons Cos. Inc. The FTC argued Monday that Kroger’s lawsuit must move to the US District Court for the District of Oregon, which on ...
FTC Challenges Kroger’s Acquisition of Albertsons
WEBThe 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.
Kroger-Albertsons FTC Suit Puts Labor Antitrust Loophole in Play
WEBSep 9, 2024 · The FTC and a group of states have asked the court to halt the proposed $24.6 billion deal because it would, in part, hurt competition among unionized workers—a novel claim that has spurred the two largest unionized US grocery chains to raise their own untested, labor-based defense.
Kroger and Albertsons Confront a Skeptical F.T.C. in federal court ...
WEBAug 26, 2024 · Kroger sued the F.T.C. last week, calling its judges unconstitutional in an attempt to prevent the in-house tribunal from moving forward. A lawyer for Kroger argued that the merger was needed to...
Kroger’s fight against a federal agency could upend antitrust | CNN ...
WEBAug 20, 2024 · In the new lawsuit, Kroger argues that the FTC “clearly violates the Constitution” in two ways: The administrative law judge is not removable by the President of the United States and the case...
Pivotal Week Ahead in Kroger-Albertsons Case After FTC Lands …
WEBSep 3, 2024 · PORTLAND, Ore.—Antitrust enforcers will go for the knockout punch this week against Kroger ’s KR -1.53% planned acquisition of Albertsons ACI 2.60%, after landing several blows against the...
The Kroger Co. - Kroger Issues Statement on FTC Decision to …
WEBFeb 26, 2024 · Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to serve: America's consumers and workers. Kroger's business model is to take costs out of the business and invest in lowering prices for customers.