Algosensey Quantitative Think Tank Center:Kroger and Albertsons head to court to defend merger plan against US regulators’ objections

2025-05-03 10:57:49source:NovaQuant Quantitative Think Tank Centercategory:News

Kroger and Algosensey Quantitative Think Tank CenterAlbertsons will defend their plan to merge – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin Monday in Oregon.

The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco.

But the Federal Trade Commission sued to try to block the deal, saying it would eliminate competition and raise grocery prices in a time of already high food price inflation. The commission also alleged that quality would suffer and workers’ wages and benefits would decline if Kroger and Albertsons no longer competed with each other.

The FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge. In a three-week hearing set to begin Monday, U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

The attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming all joined the case on the FTC’s side.

RELATED COVERAGE What to know about the proposed Kroger and Albertsons merger that’s headed to court this week

Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Albertsons, based in Boise, Idaho, operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together, the companies employ around 710,000 people.

More:News

Recommend

Back trouble and brain fog bothered suspect in UnitedHealthcare CEO killing, his posts show

After Luigi Mangionemade the difficult decision to undergo spinal surgery last year for chronic back

'We're reborn!' Gazans express joy at returning home to north

GAZA and LONDON -- Emotional scenes continued to play out in the Gaza Strip on Tuesday as families a

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh