Reported about 1 month ago
The ongoing legal battle over Kroger's proposed $20 billion acquisition of Albertsons intensifies, with the Federal Trade Commission (FTC) pushing to halt the merger due to concerns about rising grocery prices and reduced competition. As the trial approaches a pivotal moment, expert witnesses will testify on the potential negative impacts of the merger, while Kroger claims it aims to lower prices by $1 billion if the deal is completed. The proceedings are taking place in Portland's federal court, with implications not only for the companies involved but also for consumers nationwide.
Source: YAHOO