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What will be the court's decision on Kroger and Albertsons merger by end of 2024?
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Resolution / Starting Odds
Merger approved without conditions • 25%
Merger approved with conditions • 25%
Merger rejected • 25%
Other • 25%
Federal court ruling in Portland, Oregon; major news outlets
Story
Kroger and Albertsons Defend $25B Merger in Portland Court Amid FTC's Objections
Aug 26, 2024, 02:05 AM
Kroger and Albertsons are set to defend their proposed $25 billion merger in a federal court in Portland, Oregon, amid objections from the U.S. Federal Trade Commission (FTC). The FTC argues that the merger, announced nearly two years ago, would eliminate competition, raise grocery prices, and weaken unionized workers' bargaining power. This case is a significant test for FTC Chair Lina Khan's initiative to use antitrust laws to protect workers. The merger, if approved, would be the largest grocery store merger in U.S. history, prompting concerns about its impact on consumers and workers. C&S Wholesale Grocers may play a key role in the trial. If the merger proceeds, Kroger plans to sell over 100 Arizona Safeway and Albertsons locations, as well as some Mariano's and Jewel Osco stores.
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