Reported 16 days ago
Kroger's attempt to acquire Albertsons for $24.6 billion has been blocked by federal judges, citing a reduction in competition in the grocery market. The rulings came from U.S. District Judge Adrienne Nelson, who supported the FTC's argument that the merger violates antitrust laws, along with a Washington state judge siding with the state attorney general. Kroger expressed disappointment and plans to review its options, while the FTC emphasized that the decision protects competition and consumer prices.
Source: YAHOO