US government sues to block largest supermarket merger in history.

The Federal Trade Commission (FTC) and the states of Nevada and Colorado have filed lawsuits to block the $24.6 billion merger between grocery giants Kroger and Albertsons, stating that the deal would lead to higher prices, fewer choices, and lower wages for workers. The FTC argues that the combined company would control approximately 13% of the U.S. grocery market, posing a significant threat to competition and consumers. The FTC has expressed concerns that the merger would lead to store closures and job losses in the industry.

February 26, 2024
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