FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
Publishing timestamp: 2024-02-26 12:31:07
Summary
The FTC and a group of attorneys general are suing to block the merger of Kroger and Albertsons, citing concerns about higher prices for shoppers and lower wages for workers. The proposed deal has faced resistance from unions, politicians, and consumers, with the FTC arguing that the merger would harm competition and customer experience. Despite Kroger's arguments that the merger would benefit consumers and workers, the FTC is moving forward with legal action to stop the acquisition.
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Keywords: breaking news: business, business, walmart inc, kroger co, food and drink, amazon.com inc, albertsons companies inc, business news, retail industry, costco wholesale corp,
Source: https://www.cnbc.com/2024/02/26/ftc-sues-to-block-kroger-albertsons-grocery-store-merger.html