albertsons
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 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.