Kroger countersues rival Albertsons after demise of $25 billion merger
Kroger countersued Albertsons, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December.
Kroger countersued Albertsons, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December.
The grocery store chain Kroger announced on Monday that its longtime CEO, Rodney McMullen, has stepped down following an investigation into his personal conduct which revealed he was violating the company’s ethics policy.
The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
The Federal Trade Commission (FTC) is now suing to put a stop to a Kroger and Albertsons merger, according to federal court documents that were filed and later released to the press.