Kroger’s $24.6 billion merger with Albertsons blocked by judge despite vow to ‘lower prices’ as concerns revealed ...Middle East

THE proposed $24.6 billion merger between Kroger and Albertsons has been blocked. A federal judge made the ruling on Tuesday in agreement with concerns from the Federal Trade Commission (FTC). GettyKroger and Albertsons merger has been blocked by a federal judge (stock image)[/caption] GettyAlbertsons would merge with Kroger in a $24.6 billion deal (stock image)[/caption] Since the merger was announced in October 2022, the FTC has argued that the deal would eliminate competition in the supermarket industry. US District Judge Adrienne Nelson said the plan proposed by Kroger and Albertsons did not adequately address the concerns over reduced competition, per Fox Busi

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