What the stock market is saying about Albertsons and Kroger
1 day ago · While Kroger’s share price has shot up more than 30% since the start of 2024, Albertsons’ stock market value has sagged over 13% during the same period. During that time, the companies have dealt with legal challenges to their proposed combination from the Federal Trade Commission and the attorneys general of Washington state and Colorado.
Kroger-Albertsons merger in court: 6 key takeaways
Nov 4, 2024 · Competition, pricing and the fate of Albertsons were key points of contention in the three court battles that unfolded over a nearly two-month period. A Jewel-Osco store in Chicago in October 2022. Catherine Douglas Moran/Grocery Dive. This audio is auto-generated. Please let us know if you have feedback.
Sen. Elizabeth Warren and others call for investigation into Albertsons
Nov 4, 2024 · The settlement in California required Albertsons to pay $3.2 million in civil penalties and $749,500 in restitution Getty Images Timothy Inklebarger Mon, Nov 4, 2024, 11:44 AM 2 min read
'They are all dogs.' Texts could haunt Kroger merger with Albertsons
Aug 30, 2024 · 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...
The Kroger Albertsons merger hearing has ended. What happens …
First announced in October 2022, Cincinnati-based Kroger wants to buy all outstanding shares of Boise, Idaho-based Albertsons, adding most of its employees and stores to its supermarket operation.
Kroger, Albertsons and C&S Statement on Merger Timeline to Close
Jan 15, 2024 · 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.
FTC sues to block Kroger and Albertsons merger | AP News
Feb 26, 2024 · The Federal Trade Commission is suing to block a proposed merger between grocery giants Kroger and Albertsons. The FTC says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
Biden administration sues to block Kroger-Albertsons ... - NBC News
Feb 26, 2024 · The Biden administration is suing to block a proposed merger between Kroger and Albertsons supermarket chains, saying the deal would lead to higher food prices for consumers.
Kroger agrees to buy Albertsons for $24.6 billion
Oct 14, 2022 · Kroger is the second-largest grocer by market share in the United States, behind Walmart, and Albertsons is fourth, after Costco.
Antitrust experts: Issues in the Kroger-Albertsons merger case
Sep 15, 2024 · Antitrust experts say it’s close but indicate the FTC might be making its case. Meanwhile, the companies seeking to create at $208 billion supermarket giant with 4,400 stores and 640,000 workers ...