One day after a federal judge blocked the biggest acquisition in Kroger’s history, the Albertsons grocery chain is suing Kroger for “billions of dollars” in damages. Albertsons press release claims Kroger caused the merger to fail by ignoring regulators’ feedback, rejecting stronger divestiture buyers and failing to cooperate with Albertsons in pursuing the deal. It’s […]
Tag: Albertsons
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US sues to block merger of grocery giants Kroger, Albertsons
The Federal Trade Commission has sued to block the proposed merger between Kroger and Albertsons, citing concerns that it would lead to higher prices for consumers and workers, and that it would also increase Walmart, Costco and Amazon’s dominance of the grocery industry.
