Preliminary Injunction to Prevent Kroger Company from Acquiring Albertsons Companies, Inc.

... #ad▼
Mariano's in Arlington Heights, Illinois (CARDINAL NEWS)
Mariano's in Arlington Heights, Illinois (CARDINAL NEWS).
Mariano's, 802 East Northwest Highway  in Arlington Heights, Illinois (CARDINAL NEWS)
Mariano’s, 802 East Northwest Highway in Arlington Heights, Illinois (CARDINAL NEWS).

The U.S. District Court for the District of Oregon granted on December 10, 2024, the Federal Trade Commission’s request for a preliminary injunction to prevent Kroger Company from acquiring Albertsons Companies, Inc. in what would be the largest supermarket merger in U.S. history. The FTC challenged the $24.6 billion deal alongside a bipartisan group of nine state attorneys general.

Kroger owns Mariano’s locally among other stores nationally. Albertsons owns Jewel-Osco among other stores nationwide.

Jewel-Osco, 440 East Rand Road in Arlington Heights, Illinois (CARDINAL NEWS)
Jewel-Osco, 440 East Rand Road in Arlington Heights, Illinois (CARDINAL NEWS).

In response to the district court’s order, Bureau of Competition Director Henry Liu issued the following statement:

“The FTC, along with our state partners, scored a major victory for the American people, successfully blocking Kroger’s acquisition of Albertsons.

This historic win protects millions of Americans across the country from higher prices for essential groceries—from milk, to bread, to eggs—ultimately allowing consumers to keep more money in their pockets. This victory has a direct, tangible impact on the lives of millions of Americans who shop at Kroger or Albertsons-owned grocery stores for their everyday needs, whether that’s a Fry’s in Arizona, a Vons in Southern California, or a Jewel-Osco in Illinois.

This is also a victory for thousands of hardworking union employees, protecting their hard-earned paychecks by ensuring Kroger and Albertsons continue to compete for workers through higher wages, better benefits, and improved working conditions.

I want to also congratulate all of the FTC staff, including the Mergers IV team, for their hard work on this case.”

— Bureau of Competition Director Henry Liu

Krogers and Albertsons have stated they need to merge to compete with Amazon and Walmart.

THANKS FOR READING CARDINAL NEWS …




^^ MOBILE? USE VOICE MIC ^^

 facebook … 

Please ‘LIKE’ the ‘Arlington Cardinal Page. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …


Help fund The Cardinal Arlingtoncardinal.com/sponsor


THANKS FOR READING CARDINAL NEWS

The Federal Trade Commission works to promote competition, and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers or file an antitrust complaint. For the latest news and resources, follow the FTC on social media, subscribe to press releases and read the FTC blog.

Search Amazon …

Search for products sold on Amazon:

Arlingtoncardinal.com is an Amazon Associate website, which means that a small percentage of your purchases gets paid to Arlingtoncardinal.com at no extra cost to you. When you use the search boxes above, any Amazon banner ad, or any product associated with an Amazon banner on this website, you help pay expenses related to maintaining Arlingtoncardinal.com and creating new services and ideas for a resourceful website. See more info at Arlingtoncardinal.com/AdDisclosure