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Supermarket Merger BLOCKED in BIG Win for Consumers

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A federal judge in Oregon blocked Kroger's $25 billion merger with Albertsons, citing concerns over reduced competition and consumer harm. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show: https://go.tyt.com/jointoday

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Read more HERE: https://www.cnn.com/2024/12/10/business/kroger-albertsons-merger-ruling/index.html

"A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.

The ruling is a major setback for the chains and puts the merger’s likelihood in jeopardy. The judge issued a preliminary injunction halting the deal, which the companies can appeal.

The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. The companies own dozens of grocery chains, including Safeway, Vons, Harris Teeter and Fred Meyer.

Supermarkets have been losing ground in recent decades to competition, and Kroger and Albertsons wanted to merge to better fight off Walmart and Amazon."

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241212__MS01LinaKhan_REPURP_V2
Category
Europe
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241212__MS01LinaKhan_REPURP_V2, News, Politics
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