FTC sues to block Kroger-Albertsons merger
FTC sues to block Kroger-Albertsons merger
The Federal Trade Commission today sued to block the largest proposed supermarket merger in U.S. history — Kroger’s $24.6 billion acquisition of the Albertsons Cos. Inc. — alleging that the deal is anticompetitive.
The FTC charges that the proposed deal will eliminate fierce competition between Kroger and Albertsons, leading to higher prices for groceries and other essential household items for millions of Americans. The loss of competition will also lead to lower quality products and services, while also narrowing consumers’ choices for where to shop for groceries.