Kroger (KR) reported mixed third quarter results, with revenue falling short of Wall Street estimates. The big question for investors remains: Will the company’s merger with Albertsons (ACI) be approved? The Federal Trade Commission (FTC) is challenging the agreement, arguing it will hurt consumers. Bloomberg Intelligence senior litigation analyst Jennifer Rie thinks that at trial, “the FTC really laid out a great case to show…. that the combination of these companies just leaves too few choices for consumers who are grocery shopping. That’s the way a deal like this would be looked at because people obviously shop locally.” Watch the video above to hear why Rie thinks the FTC made a convincing argument against Kroger’s and Albertsons’ proposal to sell stores. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Stephanie Mikulich.
Yahoo! Finance: ACI News
