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  • FTC sues to block Kroger's $24.6 billion acquisition of Albertsons over monopoly concerns

    02/26/2024 9:36:42 AM PST · by CFW · 20 replies
    Just the News ^ | 2/26/24 | By Madeleine Hubbard
    The Federal Trade Commission on Monday announced that it filed a lawsuit to stop Kroger Company’s proposed $24.6 billion acquisition of Albertsons Companies, Inc. over concerns that the merger would create a monopoly. The FTC said that the deal, which is the largest proposed supermarket merger in U.S. history, is "anticompetitive" and will end competition between the two chains, which would lead to higher grocery prices and lower quality products. "Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," FTC's Bureau of Competition Director...