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Trump backtracks on campaign pledge to bring down grocery prices
(www.huffpost.com)
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this post was submitted on 12 Dec 2024
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He's saying this because his administration will absolutely approve the Kroger Albertsons merger
https://www.npr.org/2024/12/10/nx-s1-5114999/kroger-albertsons-merger-ftc-lawsuit-court-ruling
Looks like the merger is off.
Yes, that's what the article I linked says.
However that's likely temporary until the Trump administration is in. It'll probably be passed within the first year. Kroger and Albertsons just need to settle their current suit and re apply to the Trump administration.
That was 2 days ago. Late yesterday, Albertson's pulled out and sued Kroger over failure to get it done.
Like I said, all that needs done is for the suit to be settled, happens all the time with large mergers or when companies reincorporate.
The damages being sought are for leverage for a new merger agreement or a reincorporation. It doesn't matter that Kroger pulled out early. https://www.americanbar.org/groups/litigation/resources/newsletters/commercial-business/how-merger-litigation-works-now/
@RemindMe@lemmy.world 1 year
Please respond to this comment when you get your answer. I too am interested. I hope I'm wrong to be honest
I've been unfortunately correct before about this bullsit tho.
https://lemmy.world/comment/13237817
Because if monopolies are known for anything, it's reducing prices to benefit the consumer. /s