The Federal Trade Commission sued Monday 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 millions of Americans.
The Federal Trade Commission sued Monday 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 millions of Americans.
Grocery store chain
Kroger s bid to buy its close rival Albertsons
has caused alarm in the U.S. West, where officials fear its
potential dominance - controlling more than half the market in
some.
The US Federal Trade Commission and eight states said they are suing to block supermarket chain Kroger's $24.6 billion deal to buy smaller rival Albertsons.
Western states among biggest skeptics of Kroger-Albertsons tie-up streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.