The retail giants have proposed the biggest supermarket merger in U.S. history. On Monday, the court fight to block it is set to begin.
The Federal Trade Commission is trying to block Kroger's $24.6 billion acquisition of Albertsons on antitrust grounds, alleging it would hurt competition and raise grocery prices for millions of Americans. The two sides will square off Monday in a federal courtroom in Portland, Ore.
Kroger and Albertsons are set to face off with federal regulators this week over the fate of what would be the biggest supermarket merger in U.S. history.The two companies say the $24.6 billion deal would let them better compete with supercenters, dollar stores and club, discount and online rivals. But the Federal Trade Commission sued to block the deal in February, warning the combination would reduce competition, raise grocery prices for millions of Americans and diminish working conditions for employees. Continue here.
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