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YOU WONT BELIEVE: 4 - What They Never Told You

US Courts Block Kroger's $25 Bn Supermarket Mega-merger

Two US courts ruled against supermarket giant Kroger's planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.

International Business Times

Federal judge blocks grocery megamerger between Kroger and Albertsons over monopoly concerns

A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal

The Independent UK

Warren Buffett's Portfolio Stock Kroger Pauses Buybacks For Albertsons Merger, Narrows FY24 Outlook

Kroger pauses share buybacks for the Albertsons merger, misses Q3 sales estimates, and narrows its FY24 EPS guidance.

Benzinga

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Cracking The Code: Understanding Analyst Reviews For Albertsons Companies

Albertsons Companies (NYSE:ACI) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

Benzinga

Kroger accused of strike sabotage

“These companies rigged the system against us, undermining our right to fight for better pay and fair treatment"

Salon

US grocery workers hit by rising prices: ‘We’re at the bottom of the food chain’

Food store employees grapple with fewer hours and inflation – and sound alarm at merger of two largest chains

The Guardian - US

5 stalled mega mergers that could get a green light under Trump

Biden's aggressive antitrust enforcers stood in the way of deals involving names like Intel, Kroger and U.S. Steel.

Fortune

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Wall Street is foaming at the mouth with all the possible mergers and acquisitions that may now go through with Trump as president

Goldman Sachs expects a 20% increase in M&A activity next year.

Fortune

"Predatory": Are grocers overcharging?

Sen. Elizabeth Warren and Rep. Adam Schiff are concerned supermarkets are overcharging customers

Salon

Washington, Colorado take on Kroger

The supermarkets argue mega-stores like Costco, Amazon and Walmart are their real competitors

Salon

Major Supermarket Chain Put Fake Weights on Foods To Charge More: District Attorney

Albertsons and Vons will pay a multi-million dollar settlement after customers complained that prices were misleading.

International Business Times

Major Supermarket Chain Put Fake Weights on Foods to Charge More, Will Pay Millions in Settlement: District Attorney

Albertsons and Vons will pay out a multi-million dollar settlement after customers complained their products were misleading.

Latin Times

The Foodstuffs merger is dead – but that still won’t fix NZ’s over-concentrated supermarket sector

Two of the dominant players in New Zealand’s supermarket sector – Foodstuffs North Island and Foodstuffs South Island – have failed in their quest to officially join forces.

The Conversation

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Lina Khan made remark on largest-ever US grocery merger, which FTC is seeking to block, on CBS’s 60 Minutes

The Guardian - US

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The Independent UK

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

StockNews.com

3 High-Quality Retail Stocks Trading at a Discount

Thanks to resilience in consumer spending and the rapid evolution of technology, the retail sector is rising. Hence, it could be an opportune time to invest in high-quality discounted retail stocks such as Target Corp. (TGT), Kroger (KR), and Albertsons Companies (ACI). Read on….

Salon

Megamerger threatens higher grocery cost

Kroger and Albertsons merger would benefit brands that exploited the pandemic and high inflation to raise prices

International Business Times UK

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

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The Independent UK

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

The Independent UK

Kroger and Albertsons head to court to defend merger plan against US regulators' objections

Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon

Salon

"Unconstitutional": Kroger sues the FTC

"We stand prepared to defend this merger in the upcoming trial in federal court," Kroger CEO Rodney McMullen said

Salon

Kroger pledges $1 billion in price cuts

Senators Elizabeth Warren and Robert P. Casey, Jr. worry Kroger will "squeeze consumers to increase profits"

Reason

Harris Joins the FTC's Food Fight Against Kroger-Albertsons Merger

Amid rising grocery costs, the FTC's fight against the merger may end up hurting the very consumers it's supposed to protect.

The Independent UK

Kroger pauses massive merger with rival grocery chain after numerous lawsuits and regulatory challenges

Merger would have been the largest supermarket deal in history

Salon

Grocery's biggest merger stuck in limbo

The merger of two of the country's biggest supermarkets now faces both state and federal legal hurdles

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