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Kroger-Albertsons merger heads to trial
KRKroger(KR) Fox Business·2024-08-26 21:11

The Federal Trade Commission (FTC) on Monday kicked off a trial amid its push to block Kroger's $25 billion merger with Albertsons by alleging the deal would undermine competition in the grocery store industry and hurt consumers. Kroger and Albertsons first announced the proposed merger in September 2023 and the companies have agreed to sell nearly 600 locations to C&S Wholesale Grocers to help the deal pass regulatory muster. Kroger has also committed to lower grocery prices by $1 billion after the deal, w ...