ALBERTSONS-KROGER PROPOSED MERGER UPDATE President Niccollai reported today that close to 100 individuals attended the meeting regarding the proposed merger between Albertsons and Kroger held at the Hyatt O’Hare in Chicago yesterday. The meeting was chaired by International President Marc Perrone who initially met with the Local Unions holding Collective Bargaining Agreements with Albertsons, Kroger, or both.  The meeting then moved on to include a joint meeting with representatives of both Companies. The initial Union position was mainly opposition to the merger, as the affected Unions...
ALBERTSONS-KROGER PROPOSED MERGER UPDATE Events are moving quickly concerning the proposed Albertsons-Kroger merger.  As we know, both ACME and Kings are owned and operated by Albertsons in the Local 464A jurisdiction.  There are presently no Kroger Banners within our area so we would not be negatively impacted by the Federal Trade Commission, which could force store closings or divestitures if two or more stores of the merging entities are in close proximity.  Here in the Northeast, for the most part, the proposed merger might well mean the expansion of store...
Kroger and Albertsons announce definitive merger agreement: Our posting yesterday announced the fact that Kroger and Albertsons were discussing a merger agreement. Late last night that merger agreement came to fruition with the result being the intent on the part of Kroger to acquire all Albertsons’ companies. Informed sources have indicated that consummation of the merger would not be fully reached until some time in late 2023 or 2024. In the interim, operations will continue as they presently exist. For our Brothers and Sisters employed by Acme or Kings, it will be business as usual during...