Thursday, October 3, 2024
HomeUS GovernmentFeds Urge Court to Halt Kroger-Albertsons Merger

Feds Urge Court to Halt Kroger-Albertsons Merger

The federal government has urged a US District Court to temporarily halt the merger of Kroger and Albertsons, arguing it would benefit shareholders but not everyday shoppers. The Federal Trade Commission’s lawyers, in closing remarks after a three-week hearing Tuesday, suggested the $24.6 billion deal would reduce competition and drive up food prices for consumers. Judge Adrienne Nelson stated she would work

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