FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
Albertsons Companies(ACI) CNBC·2024-02-27 01:00
The U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers.In a release, the FTC said it issued an administrative complaint and authorized a lawsuit in federal court to stop Kroger's acquisition of Albertsons. A bipartisan group of nine attorneys general have joined the court complaint, including those from Arizona, California, Washington D. ...