Kroger-Albertsons merger: Is it good or bad for shoppers?
Albertsons Companies(ACI) Fox Business·2024-02-28 13:55
The lawsuit filed by the Biden administration's Federal Trade Commission (FTC) to block the proposed $24.6 billion merger between Kroger and Albertsons has kick-started a debate over whether the tie-up would undermine competition, as the agency contends, or if it would be beneficial for consumers. The deal would see Kroger acquire Albertsons and its subsidiaries to position the supermarkets to better compete with big-box retailers like Walmart and Costco. Kroger has said that no stores would close due to th ...