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The Latest Breaking News from Albertsons

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

International Business Times UK

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

The Independent UK

Kroger and Albertsons head to court to defend merger plan against US regulators' objections

Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon

The Independent UK

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"Unconstitutional": Kroger sues the FTC

"We stand prepared to defend this merger in the upcoming trial in federal court," Kroger CEO Rodney McMullen said

Salon

Kroger pledges $1 billion in price cuts

Senators Elizabeth Warren and Robert P. Casey, Jr. worry Kroger will "squeeze consumers to increase profits"

Salon

Harris Joins the FTC's Food Fight Against Kroger-Albertsons Merger

Amid rising grocery costs, the FTC's fight against the merger may end up hurting the very consumers it's supposed to protect.

Reason

Kroger pauses massive merger with rival grocery chain after numerous lawsuits and regulatory challenges

Merger would have been the largest supermarket deal in history

The Independent UK

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Grocery's biggest merger stuck in limbo

The merger of two of the country's biggest supermarkets now faces both state and federal legal hurdles

Salon

Kroger and Albertsons reveal list of grocery stores at risk of sale under merger

In addition to the stores, the companies have also offered to sell six distribution centers and a dairy plant in Colorado

The Independent UK

Biden busts monopolies, Trump just talks

“Antitrust enforcement during the Biden administration has been extremely vigorous," one policy expert told Salon

Salon

3 Value Stocks With Strong Fundamentals to Buy Now

Value investing is highly favored as it focuses on purchasing undervalued stocks with solid fundamentals, providing the potential for high returns with lower risk and a disciplined, long-term approach. Therefore, it could be wise to invest in fundamentally sound, value stocks Expedia Group (EXPE), Incyte (INCY), and Albertsons Companies (ACI)…

StockNews.com

Is the Kroger-Albertsons merger back on?

The FTC sued to block the $25 billion merger between two of the country’s largest supermarket chains

Salon

Companies are using inflation to price-gouge Americans – and making it worse

Thanks to near-monopolies in many industries, corporations are seeing record profits as consumers struggle with high prices

The Guardian - US

Labor rights? Whatever. TikTok frenzy over Trader Joe’s mini tote bags

High prices, mega mergers and union busting are just water under the bridge judging from the scramble for a new bag

The Guardian - US

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Unions Applaud FTC Lawsuit Against Kroger-Albertsons Merger

Unions support FTC's lawsuit against Kroger-Albertsons merger to protect competition, workers, and consumers in the grocery industry.

International Business Times

US Regulator Sues To Block $24.6 Bn Kroger Supermarket Deal

US antitrust officials filed a lawsuit Monday to block Kroger's proposed $24.6 billion takeover of Albertsons on Monday, saying the supermarket acquisition would harm consumers.

The Guardian - US

Largest-ever US supermarket merger faces block over fears of price hikes

FTC argues Kroger’s $24.6bn takeover of Albertsons would narrow consumer choice and weaken quality of products

WEKU

FTC and 9 states sue to block Kroger-Albertsons supermarket merger

The Federal Trade Commission and 9 states want to stop the deal that would combine the country's two largest grocery store chains. The companies say they have to merge to compete with Walmart.

Salon

Why the Kroger-Albertsons merger stalled

"Kroger and ACI have decided that collusion is more profitable than competition,” said Colorado's attorney general

Salon

Kroger-Albertsons merger date delayed

Attorney General Bob Ferguson sued to block the megamerger, alleging that it would be more harmful than beneficial

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