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Attorney General Bob Ferguson says the dividend is anticompetitive and poses a danger to consumers.
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A union representing workers at both Kroger and Albertsons locations in Colorado and Wyoming, United Food and Commercial Workers Local 7, called the announcement “devastating." General council for the union Matt Shechter said he’s been getting calls from members worried about store consolidation, layoffs and rising food prices.
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The announced acquisition of Boise-based Albertsons by the Kroger Company still has to pass muster with federal regulators. But Albertsons is already facing pushback on a special dividend equal to about one-third of the company’s total value.
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A look at the Kroger-Albertsons merger and what it means for Idaho, Boise City Council reads complaints against former police chief Ryan Lee, a Rexburg man who was killed while fighting in Ukraine and the Idaho Legislature will consider a bill prohibiting public drag performances. Don Day, the Founder and Editor of BoiseDev.com; Kelcie Moseley-Morris with the Idaho Capital Sun; Andrea Olson with EastIdahoNews.com; Alex Duggan Investigative Reporter with KTVB in Boise join Idaho Matters to break down the news of the week.
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The biggest supermarket chain, Kroger, announced plans to buy its next largest competitor, Albertsons, Friday, in a $25 billion deal.
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After two years of virtual events, Boise Entrepreneur Week will be returning in-person.
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Albertsons reported better-than-expected earnings Tuesday, but that didn’t stop investors from sending the stock down 9.75%.
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Sharon McCollam will succeed Bob Dimond as Albertsons President and CFO. She retired from a similar position at Best Buy in 2016, and is credited with co-piloting Best Buy’s successful Renew Blue campaign.
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After five years of trying, Boise-based gorcery chain Albertsons is a publically traded company. Cerberus Capital Management - the private equity firm…
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June was Dairy Month at the Idaho Foodbank. Albertson’s helped raise money for milk; Girl Scouts provided the cookies … but the largest donation was a…