317:(FTC) and several state attorneys general have raised concerns about the potential anticompetitive effects of the merger. The FTC filed a lawsuit in February 2024 to block the acquisition, arguing that it would reduce competition, lead to higher grocery prices, and negatively impact workersâ wages and benefits. Additionally, the state attorney general for Washington filed a separate lawsuit, citing internal communications from Albertsonsâ executives that questioned the legality and consumer benefits of the deal.
35:
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Announced in
October 2022, Kroger, one of the largest supermarket chains in the United States, agreed to purchase Albertsons for $ 24.6 billion. This merger, if approved, would create one of the largest grocery store chains in the US, combining nearly 5,000 stores and employing approximately 700,000
248:
In
October 2022, Kroger agreed to buy Albertsons for $ 34.10 per share, valuing the deal at $ 24.6 billion. The acquisition aims to enhance Krogerâs competitive edge by expanding its market presence and leveraging economies of scale to offer better prices and services to customers. However, the
192:, a Washington supermarket chain, for around $ 300 milion. The deal was closed in January 2015; Haggen ended up announcing in August that it would close or sell around a fifth of its stores, and in September sued Albertsons for allegedly sabotaging its expansion, before
187:
in 2015 in a $ 9.2 billion deal which included an FTC requirement to spin off 168 stores to stop the new company having a monopoly in certain markets. The commitment was the largest ever divestiture of supermarkets at the time. 146 stores were sold to
327:
As of mid-2024, the acquisition is still under review by federal and state regulators. Ongoing negotiations and legal challenges have delayed the completion of the deal, with a final decision expected by mid-August 2024. In
January 2024,
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of $ 1 since they came with liabilities as part of their sale. The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed
AlbertsonsâKroger merger.
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filed a lawsuit in an attempt to stop the merger due to his belief that it would greatly reduce competition and harm
Coloradans.
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390:. This divestiture is intended to maintain competitive balance in the grocery market and alleviate fears of a monopoly.
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To address regulatory concerns, Kroger and
Albertsons have proposed divesting 579 stores across various locations to
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196:. Albertsons bought 33 former Haggen stores for $ 14.3 million at a bankruptcy auction in November, many for the
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On
November 29, 2022, the chief executives of the two companies went before the antitrust panel of the
880:"Teamsters Statement Regarding Proposed Kroger-Albertsons Merger and Asset Sale to C&S Wholesale"
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merger has faced significant scrutiny from regulators and opposition from various stakeholders.
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also oppose the deal, saying it "threatens jobs, wages, and benefits for thousands of workers".
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667:"Kroger wants to merge with rival Albertsons: What we know about the proposed $ 25B takeover"
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933:"Albertsons, Kroger CEOs defend $ 25 bln merger to U.S. Senate committee | Reuters"
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954:"Warning of higher grocery prices, Washington AG sues to stop Kroger-Albertsons merger"
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815:"Kroger to Buy Albertsons in $ 24.6 Billion Deal That Would Create New Grocery Giant"
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909:"FTC sues to block Kroger and Albertsons' $ 25 billion mega-merger | CNN Business"
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759:"Struggling Haggen files for bankruptcy protection, parts with Southwest co-CEO"
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853:"Feds take grocery merger to court amid 2024 fight over high food prices"
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834:"Biggest Grocery Union Opposes $ 20 Billion Kroger-Albertsons Deal"
972:"Colorado attorney general sues to block Kroger-Albertsons merger"
728:"Kroger-Albertsons Deal Is Haunted by 'Spectacular' Past Failure"
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986:"Kroger, Albertsons Unveil Stores to Be Divested in Merger"
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which serve most of the country's mid-tier grocery market,
787:"Haggen retreats from big expansion, shedding 27 stores"
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filed a lawsuit to stop the merger. In
February 2024,
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697:"Albertsons buys back stores feds forced it to sell"
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91:is a planned acquisition between the two American
726:Leah Nylen; Christopher Cannon (17 July 2024).
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301:announced their opposition to the deal. The
28:Proposed acquisition of Albertsons by Kroger
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851:Josh Sisco; Marcia Brown (26 August 2024).
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123:, and the warehouse club retail chains
885:International Brotherhood of Teamsters
303:International Brotherhood of Teamsters
7:
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952:Selyukh, Alina (January 15, 2024).
907:Meyersohn, Nathaniel (2024-02-26).
757:Ăngel GonzĂĄlez (9 September 2015).
204:Size and market cap of each company
115:, discount department store chains
1019:This article about retailing is a
695:Robert Anglen (25 November 2015).
25:
1070:Supermarkets of the United States
785:Ăngel GonzĂĄlez (14 August 2015).
394:Potential combined list of brands
144:Previous mergers and acquisitions
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244:Lead-up to the 2022â2024 merger
103:. Kroger plans to compete with
1:
640:Repko, Melissa (2022-10-14).
89:KrogerâAlbertsons acquisition
1023:. You can help Knowledge by
334:Washington Attorney General
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322:Senate Judiciary Committee
593:To be divested by C&S
388:C&S Wholesale Grocers
338:Colorado Attorney General
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1075:Mergers and acquisitions
315:Federal Trade Commission
18:Kroger-Albertsons merger
324:to defend the merger.
183:Albertsons merged with
665:Coolidge, Alexander.
309:Regulatory challenges
194:filing for bankruptcy
974:. February 14, 2024.
702:The Arizona Republic
29:
366:. You can help by
299:UFCW International
277:. You can help by
223:. You can help by
163:. You can help by
113:Whole Foods Market
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792:The Seattle Times
764:The Seattle Times
607:(from Albertsons)
601:(from Albertsons)
507:Albertsons Market
491:Albertsons brands
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347:Divestiture plans
297:In May 2023, the
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81:October 14, 2022
65:Full acquisition
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73:$ 24.6 billion
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399:Kroger brands
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362:This section
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198:nominal price
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159:This section
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1025:expanding it
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994:. Retrieved
992:. 2024-07-09
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670:
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649:. Retrieved
645:
470:Pick 'n Save
465:Metro Market
455:King Soopers
385:
372:
368:adding to it
363:
330:Bob Ferguson
326:
319:
312:
296:
283:
279:adding to it
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247:
229:
225:adding to it
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182:
169:
165:adding to it
160:
133:
109:Amazon Fresh
88:
86:
572:Star Market
547:Pak 'n Save
517:Andronico's
480:Ruler Foods
425:Food 4 Less
410:City Market
375:August 2024
341:Phil Weiser
286:August 2024
232:August 2024
172:August 2024
1064:Categories
996:2024-07-15
918:2024-07-15
676:2024-07-15
651:2024-07-15
624:References
527:Jewel-Osco
522:Balducci's
502:Albertsons
435:Fred Meyer
253:Challenges
139:Background
129:Sam's Club
101:Albertsons
56:Albertsons
892:26 August
864:26 August
798:26 August
770:26 August
739:26 August
708:26 August
671:USA TODAY
611:Mariano's
577:Tom Thumb
552:Pavilions
430:Foods Co.
105:non-union
78:Initiated
42:Initiator
858:Politico
557:Randalls
135:people.
938:Reuters
562:Safeway
485:Smith's
415:Dillons
185:Safeway
121:Walmart
605:Haggen
582:United
567:Shaw's
512:Amigos
475:Ralphs
460:Kroger
420:Gerbes
405:Bakers
332:, the
190:Haggen
125:Costco
117:Target
97:Kroger
52:Target
46:Kroger
599:Carrs
537:Lucky
532:Kings
440:Fry's
1021:stub
894:2024
866:2024
800:2024
772:2024
741:2024
710:2024
646:CNBC
587:Vons
497:Acme
450:JayC
313:The
127:and
119:and
99:and
87:The
70:Cost
62:Type
958:NPR
913:CNN
838:WSJ
819:WSJ
617:QFC
370:.
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