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John, Forget ghosts and goblins; what’s really scary this Halloween is the prospect of a nightmare merger between corporate food giants. Candy giant Mars is planning to buy Kellanova (formerly part of Kellogg’s), putting dozens of brands, including Pringles, Starburst, Pop-Tarts, KIND bars, Eggo, Morningstar, and many more under the same mega-corporation. We know these mergers mean fewer choices at the grocery store and higher prices for consumers. Tell the Federal Trade Commission (FTC) to block this merger! The good news is that we have antitrust laws on the books to stop mergers like this that aren’t in the public interest. Last year, with your help, we pressured the FTC to block the Kroger-Albertsons mega-merger, and they took action by filing a lawsuit against the two corporations. Your action to stop mergers has made a difference before – let’s do it again!
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So, how do big mergers lead to higher prices? Mergers lead to fewer and bigger corporations in the market. When there are only a few players, it’s easier for those companies to jack up prices on similar products. Consumers have no other option but to pay the higher prices. In 2022, just four corporations made two-thirds of all snack bar sales, among them Kellogg’s and Mars. If Mars buys out Kellanova, this one company could control 50% of all snack bar sales in the country.
At a time when families are already struggling with skyrocketing prices from a hyper-consolidated food industry, the notion of a merger between corporate food giants Mars and Kellanova is the last thing we need. We can’t allow another corporation to seize even more power in our food system. Tell the FTC to block the Mars-Kellanova merger!
Onward together,
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