Kroger Unveils Divestiture List for Albertsons Merger Approval
Kroger Co. has unveiled the list of stores, distribution centers, and plants it plans to divest to secure regulatory approval for its merger with Albertsons Cos. The $24.6 billion merger is awaiting trial in August, with C&S Wholesale Grocers set to acquire a package of stores and facilities. The divestiture includes stores in multiple states and aims to address concerns about reduced competition and potential harm to consumers.
FTC Files Lawsuit to Block Largest-Ever Supermarket Merger in the US
The FTC has filed a major antitrust lawsuit to block the $24.6 billion merger of Albertsons by Kroger, citing concerns about potential price hikes and negative impacts on consumer choice and product quality. The lawsuit alleges that the merger could lead to higher prices, reduced product variety and quality, and harm to store workers. Despite Kroger’s argument that blocking the merger could result in increased prices, the FTC and several attorneys general are challenging the deal, with significant implications for consumers and workers.