Kroger's plan to buy Albertsons for $24.6 billion, announced in October 2022, has been in peril since the Federal Trade Commission sued to block the deal in February. Credit: JHVEPhoto/Adobe Stock FTC's Kroger-Albertsons Suit Premised on 'Fanciful' Definition of Grocery Market, Dissenting States Say
The Federal Trade Commission's lawsuit seeking to block the $24.6 billion merger presumes "that consumers are walled off from any other sources for groceries and have no alternative but to buy all their needs from either Kroger or Albertsons alone," according to an amicus brief filed Friday by Alabama, Georgia, Iowa and Ohio.
August 19, 2024 at 08:17 AM
4 minute read
Attorneys general from Alabama, Georgia, Iowa and Ohio are urging a federal judge to allow Kroger's $24.6 billion acquisition of rival Albertsons to go through, arguing that the Federal Trade Commission's opposition to the deal is premised on an overly narrow definition of the grocery market that's detached from reality and contradicts its own precedent.
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