Reported about 2 months ago
Kroger and Albertsons are in federal court challenging the FTC's efforts to block their $24.6 billion merger, with concerns that it will lead to higher grocery prices and reduced competition. The FTC argues the deal will concentrate market power, while Kroger and Albertsons claim it is necessary to compete with larger chains like Amazon and Walmart. The court case highlights tensions around food inflation and the proposed divestitures aimed at alleviating antitrust concerns.
Source: YAHOO