Reported 21 days ago
Kroger and Albertsons are set to make their final arguments in federal court regarding their proposed $24.6 billion merger, which the Federal Trade Commission argues would reduce competition and raise prices for consumers. The FTC seeks to block the merger, claiming it would benefit shareholders at the expense of shoppers, as the two chains primarily compete against each other in local markets. The case has drawn attention from several states and could change the landscape of grocery retail in the U.S.
Source: YAHOO