Judge rejects Kroger, Albertsons' attempt to dismiss WA antitrust lawsuit [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
In Jan. 2024, Washington Attorney General Bob Ferguson filed a lawsuit to block the monumental $4 billion merger , and both companies motioned to dismiss the suit. King County Superior Court Judge Marshall Ferguson rejected that motion on Friday. Supermarket giant Kroger announced its plan to acquire Albertsons in 2022, and ever since has been mired in antitrust lawsuits filed in countless states across the U.S. Senators Maria Cantwell and Patty Murray, D-WA, wrote to the Federal Trade Commission (FTC) that same year warning of the acquisition . Ferguson and six other state Attorneys General previously sued to block the $4 billion shareholder payout ahead of the proposed merger. Ferguson argues this merger — between the two largest supermarket chains in the state — will limit customer choice and "eliminate vital competition that keeps grocery prices low." The Attorney General's Office (AGO) filed suit, asserting the merger violates Washington's antitrust law , followed by a lawsu
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KR
News
- Kroger (KR) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Is Inflation Moving Whole Foods Down Market? [Forbes]Forbes
- Kroger Celebrates Memorial Day with Backyard Grilling Bundle for as Little as $4 per PersonPR Newswire
- Divert, Inc. Announces Harrison, Ohio as the Site of a Future Integrated Diversion & Energy Facility [Yahoo! Finance]Yahoo! Finance
- Is Kroger Co (NYSE:KR) Warren Buffett's Best Dividend Stock to Buy Now? [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 5/16/24 - Form PX14A6G
- 5/15/24 - Form ARS
- 5/15/24 - Form DEF
- KR's page on the SEC website