Kroger and Albertsons defend merger plan in federal court in Oregon

Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn’t allowed to proceed.

The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. But the Federal Trade Commission sued to prevent the $24.6 billion deal, alleging it would eliminate competition and raise grocery prices in a time of already high food price inflation.

MORE: https://www.katu.com/news/local/kroger-albertsons-head-to-oregon-federal-court-to-defend-25b-merger-plan#

#Albertsons #Kroger #grocery #groceryshopping #supermarkket
_______________
Stay up to date with our social media:

KATU on Facebook: https://www.facebook.com/katunews
KATU on Twitter: https://twitter.com/KATUNews
Subscribe to KATU on YouTube: https://www.youtube.com/channel/UCmDTerxNU_gvCWLkIPkqghA/?sub_confirmation=1

Daily News Playlist: https://www.youtube.com/playlist?list=PLFtHM_AbvnEUkd_YRTlZpGKkbczT5w062

For more information, visit https://katu.com/

Have a news tip? Send it directly to us:

Email us: newstips@katu.com
Call the Newsroom: 503.231.4222

KATU is a OR based station and a ABC Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today.

#KATU #Katu2abc #Portland #Oregon #localnews #oregonnews

Author: KATU News
Go to Source

News post in at: August 27, 2024, 3:03 am.

Visit Our Sponsor’s:
News.Science – News Science