Kroger Stock News

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A Kroger executive reportedly testified that the company raised milk and egg prices beyond inflation. The testimony comes amid a legal battle over Kroger's proposed $24.6 billion merger with Albertsons.

CINCINNATI , Aug. 29, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has received the requisite number of consents to adopt certain proposed amendments (the "Proposed Amendments") with respect to certain series of the outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P. ("NALP"), Safeway Inc...

The largest proposed grocery store merger in U.S. history is going to court.

PORTLAND, Ore. — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed.

The Federal Trade Commission, which is trying to block Kroger's plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers' pay and benefits.

The FTC lawsuit to block the Albertsons-Kroger merger went to trial on Monday, with the agency arguing the deal undermines competition and the companies saying it will help consumers.

e asking the judge to let the deal proceed, saying the tie-up is necessary to compete with multinational corporations like Walmart.