Article 6SV98 US judge blocks nearly $25bn Kroger-Albertsons grocery chain merger

US judge blocks nearly $25bn Kroger-Albertsons grocery chain merger

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Reuters
from US news | The Guardian on (#6SV98)

Judge sides with FTC that merger would lead to higher prices and less bargaining leverage for union workers

A US judge blocked the pending $25bn merger of US grocery chains Kroger and Albertsons on Tuesday, siding with the Federal Trade Commission (FTC) in a win for the Biden administration.

The FTC argued at a three-week trial in Portland, Oregon, that the merger would eliminate head-to-head competition between the top two traditional grocery chains, leading to higher prices for shoppers and reduced bargaining leverage for unionized workers.

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