Senator Warren Says FTC Should Block Kroger-Albertsons Deal
· 03.03.2024 · 19:00:28 ··· ··· Sunday ·· 7 (0)
Bloomberg Quicktake: Now Senator Elizabeth Warren, a Democrat from Massachusetts, says the US Federal Trade Commission should block the proposed Kroger-Albertsons deal.
The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher prices for groceries.
In a complaint filed in federal court in Portland, Oregon, the FTC said the combination of the two largest US supermarket chains would unduly concentrate the market, despite a proposal by the companies to sell off stores to Piggly Wiggly chain owner C&S Wholesale Grocers Inc. The bipartisan group of states includes California and Wyoming.
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