Federal Trade Commission Suing to Block Kroger’s $25 Billion Buyout of Albertsons ...Middle East

News by : (Times of San Diego) -
The Albertsons on West Valley Parkway in Escondido. Courtesy of the company The Federal Trade Commission and eight states said on Monday they are suing to block supermarket chain Kroger‘s $24.6 billion deal to buy smaller rival Albertsons, saying it would boost grocery prices for millions of Americans. The deal, which would include Vons and Pavilions in Southern California and create a grocery empire with more than 4,000 stores, has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses, store closures and diminishing choice for consumers. The FTC charged the deal will eliminate “fierce competition between Kroger and Albertsons “lead

Hence then, the article about federal trade commission suing to block kroger s 25 billion buyout of albertsons was published today ( ) and is available on Times of San Diego ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Federal Trade Commission Suing to Block Kroger’s $25 Billion Buyout of Albertsons )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار