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.
About Author
More Stories
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker