Site icon For God's Glory Alone Ministries

Federal Trade Commission sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

I had thought this would happen……

Pocketbook issues are very important to us all………..

KOB TV Reports:

By DEE-ANN DURBIN The Associated Press

The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

The FTC filed an administrative complaint against the companies Monday, which will be considered by an administrative law judge at the agency. It also filed a lawsuit with the U.S. District Court in Oregon requesting a temporary injunction blocking the merger. That lawsuit was joined by the attorneys general of eight states and the District of Columbia.

More Here

Exit mobile version