FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
- The U.S. Federal Trade Commission is suing to block the merger of Kroger and Albertsons, citing concerns about increased prices and decreased wages.
- Kroger believes the merger would allow for lower prices, increased profitability, and innovation in the grocery industry by committing $1 billion to raise employee wages and benefits.
- Despite planned divestitures to address antitrust concerns, the FTC argues the merger would harm both consumers and workers by reducing competition and quality.
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