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Regulators and grocers faced off for closing arguments in hearing over Kroger merger with Albertsons.
Kroger and Albertsons proposed what would be the largest supermarket merger in U.S. history in 2022. The FTC alleged the merger would eliminate competition and lead to higher food prices for already struggling customers.
PORTLAND, Ore. − Key to winning antitrust approval of its $25 billion takeover of Albertsons, Kroger plans to sell off 579 stores to what it has described as a “strong competitor,” so there would...
Kroger and Albertsons Companies Announce Definitive Merger Agreement. October 14, 2022. Establishes National Footprint to Serve America with Fresh, Affordable Food for Everyone. Combines Two Companies with Shared Values to Unite Around Kroger's Purpose to Feed the Human Spirit.
Kroger's combination with Albertsons will mean lower prices and more choices for more customers. With a proven record of lowering prices year over year, Kroger will invest $500 million to reduce prices beginning day one, as well as an incremental $1.3 billion to enhance the customer experience.
After months of quiet negotiation and days of rumors on Wall Street, Kroger and Albertsons announced their big deal to merge. One of the largest retail mergers ever, the proposed acquisition...
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.
The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) announced today that they have amended their definitive agreement with CS Wholesale Grocers, LLC (CS) for the sale of assets in connection with their proposed merger previously announced on October 14, 2022.
The grocery giant Kroger announced plans on Friday to acquire Albertsons in a $24.6 billion deal that could reshape the supermarket landscape in the United States.
Kroger and Albertsons released the full list of locations that would be sold if the merger goes through. Check out the map and list below of all impacted stores.