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Published 2 months ago

FTC moves to block Kroger acquisition of Albertson's grocery stores

  • Nevada and the Federal Trade Commission filed a lawsuit to block the Kroger-Albertsons merger worth $24.6 billion, citing concerns about competition and potential price increases.
  • The merger, if completed, would create a chain of over 5,000 stores, impacting approximately 700,000 workers and reaching 85 million American households.
  • Kroger plans to invest $500 million in price reductions and $1.3 billion in store improvements at Albertsons as part of the deal.
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