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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)TNSAntitrust 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 and ...
Kroger-Albertsons Merger Challenged In Court By FTC, 8 States
Forbes· 2024-02-27 02:08
ToplineThe 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 FactsAccording to a release, the FTC issued an administrative complaint and filed the lawsuit in the ...
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 comp ...
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 shopp ...
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 CompaniesAlbertsons 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 CompaniesAlbertsons Companies h ...
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 ...
4 Consumer Product Stocks to Keep an Eye On Amid Industry Woes
Zacks Investment Research· 2024-01-31 22:30
消费品-文具行业面临挑战 - 消费品-文具行业面临挑战的经济环境,核心通胀影响消费者预算,影响需求[1] - 消费品-文具行业正面临挑战的经济环境,包括较慢的经济增长和消费支出,核心通胀水平较高导致需求疲软,公司营收受到影响[4] - 尽管显示出缓解迹象,但不断上升的成本挑战仍在影响消费品-文具行业公司的利润率[5] 公司成效和优化措施 - 通过产品组合优化和创新,以及谨慎的节约措施,Kimberly-Clark Corporation (KMB)、Albertsons Companies, Inc. (ACI)、Ollie's Bargain Outlet Holdings, Inc. (OLLI)和Newell Brands Inc. (NWL)取得了积极成效[2] 行业发展和趋势 - 消费品-文具行业包括营销、生产和分销各种消费品,如个人护理用品、清洁设备、文具、床上用品和厨房电器等[3] - 消费品行业的企业正在战略性地专注于优化运营,加强电子商务和数字化倡议,通过收购和剥离来优化产品组合[6] 公司表现和前景展望 - Zacks行业排名显示消费品-文具行业前景黯淡,排名在250个Zacks行业中的底部39%[7] - 行业在Zacks排名中处于底部50%,分析师逐渐对该行业的盈利增长潜力失去信心[9] - 消费品-文具行业在过去一年中落后于标普500指数和更广泛的Zacks消费品行业[11] - 消费品-文具行业的当前估值为17.38X,低于标普500的20.62X和行业的17.31X[12] 值得关注的公司 - Newell Brands、Ollie's Bargain、Kimberly-Clark和Albertsons Companies是值得关注的四家消费品公司[14] - Newell Brands通过提高生产力计划、推动自动化和完全实施Project Ovid等举措受益[15] - Ollie's Bargain通过购买便宜货物、成本控制努力、专注于店铺生产力和扩大客户奖励计划等业务模式巩固了在行业中的地位[16] - Kimberly-Clark通过专注于发达市场核心业务的增长策略、加速发展中兴起市场的个人护理业务和加强数字化和电子商务能力等增长策略获益[18] - Albertsons Companies通过提供高效的店内服务、推进数字化和全渠道能力以及推动生产力改进等持续努力受益[20]
Kimco Realty Corporation Announces 2023 Dividend Tax Treatment
Businesswire· 2024-01-25 05:40
股息分配 - Kimco Realty®(NYSE:KIM)宣布了2023年股息分配的分配情况[1] 资本收益确认 - 公司出售了Albertsons Companies(NYSE:ACI)的股份,并在2023年确认了约2.41亿美元的长期资本收益[4] 社交媒体信息 - 公司鼓励投资者、媒体和其他对公司感兴趣的人士查看其在社交媒体上发布的信息,包括Facebook、Twitter和LinkedIn等渠道[5]