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Kroger, Albertsons merger temporarily halted by US judge.

Authors :
Mathieu, Henry
Source :
Aroq - Just-Food.com (Global News); 7/26/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

A US judge has temporarily halted the $25 billion merger between Kroger and Albertsons, two retail giants. The judge canceled a preliminary hearing and granted an injunction to halt the transaction. Instead, a two-week trial on the proposed merger will begin on September 30th. The merger has faced opposition from the US Federal Trade Commission and a group of US Attorneys General, who argue that it would harm staff and customers. The deal has also raised concerns about increasing grocery prices, job cuts, and store closures. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Aroq - Just-Food.com (Global News)
Publication Type :
Report
Accession number :
178657937