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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Total News Sources0
Leaning Left5Leaning Right3Center11Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
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