Kroger merger deal with Albertson: Difference between revisions

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 ==Incident==
-{{Ph-I-I}}
+Kroger announced a $24.6 billion purchase agreement with Albertsons around 15 October 2022 in hopes of gaining more leverage over competitors like [[Walmart]] and [[Amazon]]. Through this deal, it would become the largest supermarket merger in U.S. history, spanning over 5000 locations.<ref>{{Cite web |date=15 October 2022 |title=Kroger, owner of Ralph's & Harris Teeter, agrees to merger with Albertson's, owner of Acme & Safeway |url=https://dk.headtopics.com/news/kroger-owner-of-ralph-s-harris-teeter-agrees-to-merger-with-albertson-s-owner-of-acme-safeway-30727962 |url-status=live |access-date=26 March 2026 |website=Head Topic}}</ref> The public reaction was mixed, with many claiming it would harm consumers and employees<ref>{{Cite web |last=Podsada |first=Janice |date=13 November 2022 |title=Proposed merger of Albertsons and Kroger worries employees |url=https://www.seattleweekly.com/2022/11/13/proposed-merger-of-albertsons-and-kroger-worries-employees/ |url-status=live |access-date=26 March 2026 |website=Seattle Weekly}}</ref><ref>{{Cite web |date=15 October 2022 |title=Albertson & Kroger merger |url=https://www.reddit.com/r/Frugal/comments/y4beuo/albertson_kroger_merger/ |url-status=live |access-date=26 March 2026 |website=Reddit}}</ref>, while others deemed it as a over reaction and not having any real impact.<ref>{{Cite web |date=16 October 2022 |title=Kroger and Albertsons merge |url=https://www.reddit.com/r/kroger/comments/y5vh3p/kroger_and_albertsons_merge/ |url-status=live |access-date=26 March 2026 |website=Reddit}}</ref>
-===Company's response===
-{{Ph-I-ComR}}
 ==Lawsuit==
-{{Ph-I-L}}
+Federal Trade Commission filed a lawsuit a lawsuit against the two retailers on 26 February 2024 over harming consumers and workers due to less competition. The lawsuit alleges the defendants in violation of Section 5 of the FTC Act (15 U.S.C. § 45) which prohibits unfair methods of competition or deceptive practices ,and Section 7 of the Clayton Act (15 U.S.C. § 18), which prohibits acquisitions or mergers that lessen competition and pose risks to consumers.
+The lawsuit cites
 ==Company response==
+k
 ==Consumer response==
-{{Ph-I-ConR}}
+yes
 ==References==
 {{reflist}}
 [[Category:Kroger]]