A federal judge sided with the Federal Trade Commission (FTC) in its bid to halt a merger between grocery store giants Kroger (KR) and Albertsons (ACI). The companies had agreed to sell some of their stores to C&S Wholesale to help alleviate some of the FTC’s concerns, but US District Judge Adrienne Nelson writes “There is ample evidence that the divestiture is not sufficient in scale to adequately compete with the merged firm and is structured in a way that will significantly disadvantage C&S as a competitor.” Market Domination Anchors Julie Hyman and Josh Lipton report on the breaking news. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Stephanie Mikulich.
Yahoo! Finance: ACI News
