Instacart IPO: Challenges for grocery delivery chain in public debut
Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.
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Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.
Greeley residents fear that the proposed merger of Kroger and Albertsons will result in store closures, higher prices, and job losses. Regulators are reviewing the merger, and concerns about previous closures during mergers have been raised. Labor groups argue that the merger puts union jobs at risk, while farmers worry about decreased competition and potential food deserts in rural areas. Colorado Attorney General Phil Weiser is skeptical of the promises made by the companies and plans to meet with executives before deciding whether to challenge the merger. Public comments on the merger can be submitted to coag.gov/grocerymerger.
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