FTC and States Set to Sue Kroger and Albertsons to Block Merger

The lawsuit aims to prevent the $24.6 billion deal over concerns it would lead to higher prices and lower wages.

The Federal Trade Commission and several states are expected to file a lawsuit next week to block the Kroger-Albertsons merger.
Negotiations between the companies and the FTC have been ongoing, with a final meeting scheduled before the lawsuit is filed.
The merger has faced opposition from consumer groups, unions, and some state attorneys general, citing potential harm to competition and workers.
Kroger and Albertsons argue the merger will lead to lower prices, more union jobs, and better competition against nonunionized retailers.
Investors remain skeptical of the deal's approval, as indicated by the current stock prices of both companies.