Thursday, December 12, 2024

Judge Blocks Largest Supermarket Merger in History

A federal judge in Oregon blocked Kroger's proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.

Posted by reinheitsgebot at 01:30 PM | 3 COMMENTS | permalink

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A federal judge just blocked Kroger's $24.6B acquisition of Albertsons. Four corporations control 70% of retail grocery sales in America. Kroger and Albertsons are two of those corporations. Less competition means more opportunity to price gouge. This deal was a rotten egg.

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-- Robert Reich (@rbreich.bsky.social) December 10, 2024 at 5:44 PM

Comments

Kroger absolutely ruined Harris Teeter when they bought them, I wish a judge had stopped that merger.

#1 | Posted by qcp at 2024-12-11 11:05 AM

Democrats look out for american citizens while republicans look out for sociopathic billionaires.

#2 | Posted by SpeakSoftly at 2024-12-12 02:07 PM

This will work out better for Kroger than for Albertson's, which has been struggling for some time. Kroger plays hardball, but the results show. They would have gotten Albertson's into much better shape.

As for competition, the COMBINED Kroger/Albertson's would still have lower grocery sales than does WalMart...

#3 | Posted by catdog at 2024-12-12 05:34 PM

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