Jewel-Mariano’s Parent Companies’ $25 Billion Deal Delayed ...Middle East

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Jewel-Mariano’s Parent Companies’ $25 Billion Deal Delayed
It’s been 14 months since Jewel and Mariano’s parent companies announced they were combining in a $25 billion deal. Kroger (Mariano’s) and Albertsons (Jewel) hoped to be united by early 2024. But as opposition builds, the companies have since revised the closing date to the first half of fiscal year 2024, which — for Kroger — ends on August 12. Axios reports the federal government in February is expected to announce if the creation of the mega-grocery chain would violate anti-trust regulations, one state has already filed a formal challenge to the deal which would create a chain with more than 5,000 stores. As the Federal Trade Commission ponders its next step, Washington state’s attorney

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