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Kroger slips as FTC moves to block Albertsons takeover
Proactive Investors· 2024-02-27 02:59
Proactive团队 - Josh Lamb于2022年毕业于肯特大学历史专业,后加入Proactive担任英国编辑团队的记者[1] - Proactive的新闻团队遍布全球主要金融和投资中心,设有办事处和工作室[2] Proactive的专业领域 - Proactive是中小市值市场的专家,同时也关注蓝筹公司、大宗商品和更广泛的投资故事[3] Proactive团队的报道范围 - Proactive团队提供跨市场的新闻和独特见解,涵盖生物技术和制药、矿业和自然资源、电池金属、石油和天然气、加密货币以及新兴数字和电动汽车技术等领域[4]
The FTC Will Lose Its Fight To Block The Kroger-Albertsons Merger
Forbes· 2024-02-27 02:29
HOUSTON, TEXAS - SEPTEMBER 09: A customer loads his truck after shopping at a Kroger grocery store ... [+] on September 09, 2022 in Houston, Texas. Kroger stock increased six percent as the company surpassed profit and sales expectations. (Photo by Brandon Bell/Getty Images) Getty Images (Disclosure: I am an investor in Albertson's.) The FTC announced that will sue to block the merger of Kroger KR and Albertson's, the two largest U.S. companies that only sell groceries. On the face of it, it seems obvious t ...
FTC Legal Challenge Threatens Kroger-Albertsons $25 Billion Deal
Forbes· 2024-02-27 02:25
The FTC has filed against the proposed Kroger and Albertsons deal (Sarah A. Miller/Idaho ... [+] Statesman/Tribune News Service via Getty Images) TNS Antitrust regulator The Federal Trade Commission filed a lawsuit Monday in an attempt to spike Kroger's long- running attempt to buy rival grocer Albertsons, claiming the merger of the two major grocers would result in higher prices for shoppers and lower wages for workers. In a release, the FTC claimed the deal would hurt supermarket competition for shoppers ...
Kroger-Albertsons Merger Challenged In Court By FTC, 8 States
Forbes· 2024-02-27 02:08
Topline The Federal Trade Commission—along with eight states and Washington, D.C.—filed a lawsuit Monday to block Kroger’s proposed $24.6 billion acquisition of Albertsons, the largest proposed supermarket merger in the nation’s history, over allegations the deal is anti-competitive. The lawsuit seeks to block the largest proposed supermarket merger in U.S. history. SOPA Images/LightRocket via Getty Images Key Facts According to a release, the FTC issued an administrative complaint and filed the lawsuit in ...
FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes
New York Post· 2024-02-27 01:38
The Federal Trade Commission and eight states said Monday they are suing to block supermarket chain Kroger’s $24.6 billion deal to buy smaller rival Albertsons, saying it would boost grocery prices for millions of Americans. The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures and diminishing choice for consumers. The FTC charged the deal will eliminate “fierce co ...
Kroger-Albertsons merger in jeopardy
Fox Business· 2024-02-27 01:31
The Federal Trade Commission (FTC) sued to block the proposed $24.6 billion merger of Kroger and Albertsons, alleging that the deal is anticompetitive. The deal has faced fierce pushback from the government over concerns that it would lead to higher prices and lower-quality goods for millions of Americans. "Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," said Henry Liu, dir ...
FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
CNBC· 2024-02-27 01:00
The U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers. In a release, the FTC said it issued an administrative complaint and authorized a lawsuit in federal court to stop Kroger's acquisition of Albertsons. A bipartisan group of nine attorneys general have joined the court complaint, including those from Arizona, California, Washington D ...
Kroger pledges to lower prices for consumers when its planned merger with Albertsons closes
Market Watch· 2024-02-13 21:12
Kroger Inc. KR, +0.95% said Tuesday it will lower prices for customers when its planned merger with Albertsons Cos. Inc. ACI, +0.33% closes, noting that it has done the same with previous deals. “We believe the way to be America’s best grocer is to provide great value by consistently lowering prices and offering more choices,” Kroger CEO Rodney McMullen said in a statement. “When we do this, more customers shop with us and buy more groceries, which allows us to reinvest in even lower prices, a better shoppi ...
Albertsons Companies Voluntarily Recalls Five ReadyMeals and Store-Made Taco Kits Containing a Recalled Cheese Ingredient Due to Possible Listeria monocytogenes Contamination
Businesswire· 2024-02-09 00:43
Albertsons Companies has voluntarily recalled five ReadyMeals and store-made taco kits supplied by Fresh Creative Foods due to possible Listeria monocytogenes contamination. Image includes examples of labels. Photo Courtesy: Albertsons Companies Albertsons Companies has voluntarily recalled five ReadyMeals and store-made taco kits supplied by Fresh Creative Foods due to possible Listeria monocytogenes contamination. Image includes examples of labels. Photo Courtesy: Albertsons Companies Albertsons Companies ...
Kimco Realty® Announces Fourth Quarter and Full Year 2023 Results
Businesswire· 2024-02-08 19:50
JERICHO, N.Y.--(BUSINESS WIRE)--Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023. For the three months ended December 31, 2023 and 2022, Kimco’s Net income/(loss) available to the company’s common shareholders per diluted share was $0.22 and ($0.09), respectively. For full year 2023 and 2022, Net i ...