@cnbc: A U.S. judge blocked the pending $25 billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, siding with the U.S. Federal Trade Commission in a win for the Biden administration. The FTC argued at a three-week trial in Portland, Oregon, that the merger would eliminate head-to-head competition between the top two traditional grocery chains, leading to higher prices for shoppers and reduced bargaining leverage for unionized workers. Kroger fought those claims, saying the deal would bring prices down, particularly at Albertsons stores, where it said prices are 10-12% higher than at Kroger stores. Find more details at the link in bio.
cnbc
Region: US
Tuesday 10 December 2024 21:01:57 GMT
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Nick F :
Is Albertsons that big anymore ? They all closed in Florida
2024-12-10 22:37:05
7
Kandy Hutson :
Albertsons has many other grocery chains in their control.
2025-02-19 19:20:28
0
wickgene976 :
Kroger management is terrible
2024-12-10 23:08:43
13
Roman :
Good, less competition not good for public.
2024-12-10 21:26:12
8
patricklowe6.0 :
but dish can buy drict TV go figure did not pay lobbyist enough money
2024-12-11 12:31:59
4
L1011 :
Good news Kroger stinks now
2024-12-10 22:15:10
4
michelleistakenagain :
Great news. We need to break up monopolies and add more regulations on corporations.
2024-12-10 22:49:08
3
JTW101 :
Thank God
2024-12-10 21:09:34
3
NEVAJOE :
Great news!
2024-12-11 15:03:44
2
pearlbks :
awesome news
2024-12-11 09:10:50
2
Miles2go :
Good
2024-12-11 03:09:44
2
InstaGator :
How is this antitrust when it doesn’t even make them the biggest grocer? Sounds like judge is in Walmarts pocket
2024-12-11 02:44:13
2
Rover :
That’s alright, their going to raise their prices by 6% and give their executives a 50% increase while screwing the employees
2024-12-11 01:27:01
2
Vicki Lester :
Yay!! Letting them merge would be a huge mistake
2024-12-10 22:33:44
2
Bruce Wayne :
buy xrp now
2024-12-10 21:06:11
2
1jduffy :
Great. The US govt finally stopped the steal.
2024-12-11 03:05:28
1
Guy DeFlorio :
Everyone boycott all the Left News and those that hoped for his assassination shooter didn't miss and cover-ups 🇺🇸
2024-12-11 02:01:47
1
DARKF8 :
Kroger already got everyone's data from Safeway App. Should be illegal.
2024-12-11 01:28:09
1
tomhiggins961 :
Good.
2024-12-11 00:35:27
1
beer30 :
this is bs
2024-12-11 00:28:36
1
PlatosParadox :
Typical. Let M&A do its thing. How can these companies compete with Walmart or Target? You need more oligopolies to keep each other in check.
2024-12-10 21:43:03
1
Bret Comyn :
Let Trader Joe’s buy it and these local Albertsons will boom!
2024-12-10 21:14:56
1
Warparty Media :
Thankfully! Kroger is finally being exposed for its practices
2025-02-09 20:30:20
0
Brandy Jones :
😁😁😁
2024-12-12 19:40:13
0
antonepazer :
😁😁😁
2024-12-12 17:39:35
0
user6707766372738 :
😂😂😂
2024-12-12 11:06:17
0
Jhicks69 :
🤟🤟🤟
2024-12-12 01:51:16
0
Niroku329 :
😳😳😳
2024-12-11 23:29:43
0
jellybean :
relieved...this was too much control, too big....
2024-12-11 23:01:57
0
Thomas :
🤔🤔 monopoly. bet you, if either company was owned by Nancy Pelosi, they would let it merge.
2024-12-11 22:25:00
0
TL ADVENTURES :
They had to wait until Nancy Pelosis stock deal goes through.
2024-12-11 21:08:31
0
Cody Rhodes💙 :
Twice the price for half of the product!
2024-12-11 19:38:24
0
Robb :
Good
2024-12-11 19:16:43
0
ralphkmg365 :
But let Trump be president
2024-12-11 18:19:59
0
winfredsmith30 :
Kroger and Walmart is the same company
2024-12-11 17:43:27
0
Tik Toker :
🤣🤣🤣
2024-12-11 15:07:30
0
MONICA ANDERSON :
everyone should move their assets to QFS so you don't regret it
2024-12-11 10:32:15
0
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2024-12-11 10:10:05
0
Mr Casper :
286...💀
2024-12-11 08:28:43
0
Vijay Lih :
Good
2024-12-11 04:37:14
0
Blondie J 💐 :
Good, America is too monopolistic already
2024-12-11 03:58:22
0
MamaChiro :
Karma for them telling Biden they wouldn't lower prices unless he approved their merger.
2024-12-11 02:27:45
0
Marky_Mark :
Kroger has made my chain terrible. Everything has gone down hill since we merged with them
2024-12-11 02:08:02
0
azolivas :
Good
2024-12-11 01:26:40
0
Beth McRae :
Kroger fell apart during the pandemic
2024-12-11 01:13:30
0
😀Thomas👋 :
Getting to big is never a good thing
2024-12-10 23:37:10
0
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