Tag: Federal Trade Commission
-
Kroger plans to sell Safeway brand in Colorado to help secure merger with Albertsons
Under pressure from government regulators, Kroger and Albertsons have decided to sell nearly 600 stores across the country, including the Safeway brand in Colorado, in an effort to get their proposed $24.6 billion merger through. Kroger said it will sell 579 stores across the country to New Hampshire-based C&S Wholesale Grocers — 116 more than originally planned, including 91 Albertsons-owned…
-
Kroger-Albertsons merger raises fears of lack of competition in Colorado
A proposed Kroger-Albertsons merger, first announced in October last year, is raising worries about a lack of competition in Colorado, among other issues. Kroger, which operates King Soopers in Colorado, said that its proposed merger with Albertsons, which operates Safeway, will lead to lower prices, no layoffs for frontline workers and $1 billion to keep…
-
Colorado, 9 other states sue pesticide makers for anti-competitive practices
Colorado and nine other states joined the Federal Trade Commission’s lawsuit against pesticide makers Syngenta and Corteva on Thursday, accusing them of engaging in anti-competitive practices. The lawsuit filed in U.S. District Court alleges that the companies use loyalty programs with pesticide distributors to exclude generic competitors from the market. The lawsuit claims the companies…