Kroger, Albertsons head to court to defend merger plan against US regulators’ objections

Published: Aug 26, 2024 Duration: 00:00:36 Category: News & Politics

Trending searches: grocery store merger
>> JUDY WANG: A HEARING TO DELAY THE LARGEST GROCERY STORE MERGER IN U.S.. HISTORY GOT UNDERWAY IN PORTLAND, OREGON TODAY. THE FEDERAL TRADE COMMISSION AND SEVERAL STATES SUED TO STOP THE 24 BILLION DOLLAR MERGER BETWEEN ALBERTSONS AND KROGER. THE FTC CLAIMS THE DEAL WOULD ELIMINATE COMPETITION AND RAISE GROCERY PRICES AT THE HEARING TODAY, ALBERTSONS TOLD THE JUDGE IT MIGHT HAVE TO LAY OFF WORKERS CLOSE STORES AND EVEN LEAVE. SOME MARKETS OF THE MERGER ISN'T ALLOWED TO PRSEEKING A FTC

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