FTC Challenges Kroger-Albertsons Merger Over Antitrust Concerns
The $25 billion deal, if approved, would create the largest supermarket merger in US history, affecting over 4,000 stores nationwide.
- Kroger and Albertsons argue the merger is necessary to compete with Walmart and Amazon.
- The FTC contends the merger would reduce competition and raise grocery prices.
- Eight states and Washington DC have joined the FTC's lawsuit to block the deal.
- The companies have pledged $1 billion to reduce prices and another $1 billion for worker benefits if the merger proceeds.
- A federal court hearing in Oregon will determine the merger's fate over the next three weeks.
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