Kroger Challenges FTC's Authority Over $25 Billion Albertsons Merger
The grocery chain seeks a federal court ruling, calling the FTC's in-house review unconstitutional.
- Kroger filed a lawsuit to halt the FTC's administrative review of its proposed merger with Albertsons.
- The company argues that the FTC's in-house tribunal is unconstitutional and the matter should be settled in federal court.
- Kroger's lawsuit follows the FTC's February suit to block the merger over competition and price concerns.
- The merger, valued at $25 billion, aims to create one of the largest grocery chains in the U.S.
- Kroger has pledged significant investments to lower prices and improve wages if the merger is approved.