Previous Close | 21.34 |
Open | 21.35 |
Bid | 0.00 x 800 |
Ask | 0.00 x 3000 |
Day's Range | 21.26 - 21.41 |
52 Week Range | 20.05 - 37.99 |
Volume | |
Avg. Volume | 2,537,532 |
Market Cap | 11.464B |
Beta (5Y Monthly) | 0.33 |
PE Ratio (TTM) | 8.63 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.48 (2.24%) |
Ex-Dividend Date | Jan 25, 2023 |
1y Target Est | N/A |
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A consumer group has sued to block the Kroger and Albertsons merger but it's missing the obvious.
A private lawsuit filed in California on Thursday seeks to stop Kroger Co's planned $25 billion purchase of rival Albertsons Companies Inc, a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf of 25 consumers in states including California, Texas and Florida who alleged the merger "will be used to increase prices for groceries, decrease the quality of food, eliminate jobs, close stores and offer less choice for consumers." Kroger is the biggest grocer in the U.S. by revenue, and Albertsons is the second-largest supermarket chain.
A private lawsuit filed in California on Thursday seeks to stop Kroger Co's planned $25 billion purchase of rival Albertsons Companies Inc, a deal that state attorneys general, consumer groups and some U.S. lawmakers have questioned as harmful to competition in the grocery market. The lawsuit was filed on behalf of 25 consumers in states including California, Texas and Florida who alleged the merger "will be used to increase prices for groceries, decrease the quality of food, eliminate jobs, close stores and offer less choice for consumers." Kroger is the biggest grocer in the U.S. by revenue, and Albertsons is the second-largest supermarket chain.