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In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion.[1]
On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger.[2]
In May 2023, the UFCW International announced their opposition to the deal.[3]
In January 2024, Bob Ferguson, the Washington Attorney General filed a lawsuit to stop the merger. [4]
In February 2024, Phil Weiser the Colorado Attorney General filed a lawsuit in an attempt to stop the merger due to his belief that it would greatly reduce competition and harm Coloradans.[5]
References
- ^ Kang, Jaewon. "Kroger to Buy Albertsons in $24.6 Billion Deal That Would Create New Grocery Giant". WSJ.
- ^ "Albertsons, Kroger CEOs defend $25 bln merger to U.S. Senate committee | Reuters". Reuters.
- ^ Kang, Jaewon. "Biggest Grocery Union Opposes $20 Billion Kroger-Albertsons Deal". WSJ.
- ^ Selyukh, Alina (January 15, 2024). "Warning of higher grocery prices, Washington AG sues to stop Kroger-Albertsons merger". NPR.
- ^ "Colorado attorney general sues to block Kroger-Albertsons merger". February 14, 2024.
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