A private lawsuit filed in California on Thursday seeks to stop Kroger Co.’s planned $25 billion purchase of rival Albertsons Companies Inc., a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf of 25 consumers in states…
Grocery Consumers Sue to Block Kroger’s $25 Billion Buy of Albertsons
Albertsons, Kroger CEOs Defend $25 Billion Merger to U.S. Senate Committee
WASHINGTON (Reuters) – Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co and Albertsons Companies Inc on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the…
Albertsons, Kroger CEOs Defend $25 Billion Merger to Senate Committee
WASHINGTON—Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co. and Albertsons Companies Inc. on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the deal would mean…
Bonta Urges Albertsons to Delay $4 Billion Investor Payout Until After Merger Review
October 26, 2022
admin
AlbertsonsCalifornia Attorney General Rob BontaeconomyKroger’sLocal NewsNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaUS
0 Comment
LOS ANGELES—California Attorney General Rob Bonta and other state attorneys general Oct. 26 sent a letter demanding that Albertsons delay a $4 billion payout to stockholders until state and federal regulators complete their review of its proposed merger with Kroger. Albertsons and Kroger employ more than 700,000 workers in communities across the country. The state…
Kroger, Albertsons Announce $25 Billion Merger Deal
LOS ANGELES—Grocery giants Kroger and Albertsons have confirmed a merger agreement that would create a mega-chain of about 5,000 stores across the nation, assuming the deal escapes an antitrust review from federal regulators. Under the deal announced Oct. 14, Kroger—the parent company of Ralphs—will obtain Albertsons Cos. for roughly $25 billion. According to Kroger, the…
Kroger Seeks to Create Grocery Giant in $20 Billion Albertsons Bid
Two of the nation’s largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon, and other major companies that have stepped into the grocery business. Kroger on Friday bid $20 billion for Albertsons Companies Inc., or $34.10 per share. Kroger will also assume $4.7 billion of…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta