Biden Admin Sues To Block Massive Grocer Merger In Latest Antitrust Crackdown
The Biden administration announced Monday that it will file a lawsuit to block the planned merger of grocery retailers Kroger Co. and Albertsons Companies Inc., calling it anticompetitive. The Federal Trade Commission (FTC) has blocked a $24.6 billion takeover between Kroger and Albertsons, arguing that the merger would eliminate fierce competition and lower product quality […]
