What’s next for $25B supermarket supermerger after FTC sues to block it, saying it could raise prices
The Federal Trade Commission announced on on Feb. 26, 2024, that it’s suing to prevent Kroger’s attempt to acquire Albertsons. The US$25 billion deal, first announced in 2022, would combine Cincinnati-based Kroger, already the largest traditional U.S. supermarket chain, with Boise, Idaho-based Albertsons, which is currently the fourth-biggest. The Conversation asked Christine P. Bartholomew, a professor at the University at Buffalo School of Law who researches consumer protection, to explain what’s at stake and why the government opposes this merger. Which supermarkets belong to the two companies? The proposed merger involves more th...... Read Full article on HadNews