Largest-ever US supermarket merger blocked over fears of price hikes

8 months ago 42

FTC argues Kroger’s $24.6bn takeover of Albertsons would narrow consumer choice and weaken quality of products

A top US antitrust watchdog sued to block the country’s largest-ever supermarket merger on Monday, alleging the deal would raise prices for millions of shoppers.

The Federal Trade Commission argued that Kroger’s $24.6bn takeover of rival grocer Albertsons would narrow consumer choice and weaken the quality of products on shelves.

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