FTC: Kroger, Albertsons merger could mean higher prices in over 1,400 communities [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
communities across the nation with no legal obligation to reduce prices if its proposed $24.6 billion acquisition of Albertsons is approved, according to the Federal Trade Commission. A decision is expected any day in the federal case; meanwhile, the two grocers continue to defend themselves in antitrust cases brought by attorneys general in both Colorado and Washington. In its post-hearing brief to the District Court of Oregon, where Judge Adrienne Nelson heard weeks of testimony from Kroger and Albertsons executives and others, the FTC argued that the two grocery chains failed to successfully argue that the merger would not create a monopoly. Attorneys for Kroger and Albertsons have yet to submit a post-hearing brief in the case. The FTC said in the brief that despite the grocers' promises to lower prices, the acquisition would incentivize Kroger to raise prices in hundreds of communities across the country. That assertion is based on an analysis by antitrust expert Dr. Ni
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KR
News
- Kroger Closes Sale of Specialty Pharmacy Business [Yahoo! Finance]Yahoo! Finance
- Kroger Closes Sale of Specialty Pharmacy BusinessPR Newswire
- Kroger and Albertsons: Traditional grocers will continue ‘downward slide' without merger [Yahoo! Finance]Yahoo! Finance
- Natural Grocers says theft, safety issues behind closure of Colfax Avenue location in Denver [CBS News]CBS News
- Kroger Supports Disaster Response to Uplift Communities Impacted by Hurricane HelenePR Newswire
KR
Earnings
- 9/12/24 - Beat
KR
Sec Filings
- 10/2/24 - Form 8-K
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- KR's page on the SEC website