US FTC’s bid to block Kroger-Albertsons merger heads to trial

The U.S. Federal Trade Commission will argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court in Portland, Oregon, on Monday. The FTC and several states sued to block the deal in February, saying it would eliminate competition between the top two traditional supermarket chains in the U.S., spelling higher prices for consumers and less bargaining power for unionized grocery workers. The case is a high-profile piece of the Biden administration’s push to lower prices for consumers, and comes as high grocery bills take prominence in the U.S. presidential race between Vice President Kamala Harris, the Democratic candidate, and former President Donald Trump, her Republican opponent.

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Yahoo! Finance: ACI News

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