Lawyers make final pitch for Kroger/Albertsons merger in federal court ...Middle East

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Lawyers make final pitch for Kroger/Albertsons merger in federal court
source : NBC Chicago ( Middle East ) () 51
The federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing arguments the combination would “almost certainly” benefit shareholders and not everyday shoppers. Lawyers for the Federal Trade Commission and for the supermarket chains gave their closing arguments at the end of a three-week hearing on the commission’s request for a preliminary injunction to block the $24.6 billion deal. Kroger and Albertsons argued their merger would preserve consumer choice by allowing them to better compete against growing rivals like Walmart, Costco and Amazon. “If we don’t do something, the corner

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