Kroger, Albertsons bracing for FTC decision on deal in January
Kroger and Albertsons brace for FTC decision on their proposed $24.6-billion merger as soon as January as opposition to the mega-deal builds.
Source: latimes.com
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California preparing lawsuit to block Albertsons-Kroger deal
California is preparing a lawsuit to block Kroger’s $24.6-billion acquisition of Albertsons on concerns the deal could hurt consumers and workers.
Source: latimes.com
Hiltzik: A big supermarket merger is a boon for rich insiders
Albertsons says a controversial $4-billion merger dividend is part of its growth strategy. How is taking on debt to funnel money to insiders helping it grow?
Source: latimes.com
California attorney general demands Albertsons delay $4-billion dividend ahead of possible Kroger merger
Several state attorneys general, among them California's Ron Bonta, have demanded that Albertsons delay paying a $4-billion dividend to investors until after the company's merger with competitor supermarket chain Kroger is reviewed by the Federal Trade Commission.
Source: latimes.com
Inflation relief debit cards to be sent out to Californians starting today
Inflation relief debit card payments should arrive in Californians' mailboxes over the next few weeks to help ease the pain of increased prices.
Source: latimes.com