US FTC suing to block $25 billion Kroger-Albertsons supermarket deal
Written by Black Hot Fire Network on February 27, 2024
By David Shepardson and Chris Sanders
WASHINGTON (Reuters) -The U.S. Federal Trade Commission and eight states said on Monday they are suing to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons, saying it would boost grocery prices for millions of Americans.
The deal, which would create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures and diminishing choice for consumers.
U.S. food prices have risen by 25 . . .
