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The FTC and state legal authorities prevailed this month in lawsuits brought against the proposed $25 billion merger between Albertsons and Kroger, which would have been the largest-ever merger in ...
The FTC had voted 3-0 in favor of pursuing its complaint against Kroger and Albertsons earlier this year. The agency is chaired by Lina Khan , the progressive antitrust regulator installed by ...
Allowing Kroger and Albertsons to merge would curtail grocery industry competition, giving the combined entity more market power at a time food store prices remain elevated, according to the FTC ...
(Reuters) -A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely ...
Kroger’s plans to buy its grocery rival Albertsons hit a major roadblock Tuesday, when a federal judge put a halt to the deal, which would be the largest supermarket merger in U.S. history.
Kroger, a Cincinnati-based grocery chain, renewed its pledge on Feb. 13 to lower prices if the merger is approved, saying it “consistently lowered prices and improved the customer experience ...
The FTC has been granted a temporary restraining order blocking the merger from taking place while regulators seek the preliminary injunction. Kroger and Albertsons agreed to the routine measure.
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for ...