Kroger and Albertsons prepare to make a final federal court argument for their merger
- Kroger and Albertsons are set to present closing arguments in a U.S. District Court regarding their proposed merger, which the federal government is attempting to block.
- The companies argue that the merger would lower prices and enhance competition against retailers like Walmart and Amazon, while the Federal Trade Commission claims it would reduce competition and increase food prices.
- FTC attorneys highlighted that the chains compete in 22 states, and their merger could negatively affect wages, benefits, and create food shortages for consumers.
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Leaning Left4Leaning Right1Center10Last UpdatedBias Distribution67% Center