FTC takes legal action to block Kroger's mega-merger with Albertsons.

The U.S. Federal Trade Commission (FTC) and eight states have filed a lawsuit to block Kroger Co.'s merger with Albertsons, claiming that the deal would reduce competition in the grocery industry, potentially resulting in higher prices and reduced choices for consumers. The FTC's legal action highlights the concerns around antitrust practices, with the FTC continuing to monitor the market and prevent monopolistic practices.

February 26, 2024
84 Articles