Kroger Challenges FTC's Authority Over Merger Proceedings

Reported about 2 months ago

Kroger has filed a lawsuit against the U.S. Federal Trade Commission (FTC), arguing that the regulator's in-house review of its $25 billion merger with Albertsons is unconstitutional. Kroger contends that the case should be heard in federal court instead, and its chairman stated that the company is ready to defend the merger in an appropriate venue. The FTC has expressed concerns that the merger would lead to higher prices for consumers and impact labor market conditions.

Source: YAHOO

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