Merge With a Competitor or Fight to Stay Alive? The FTC Sues to Halt Kroger and Albertsons Survival Strategy—a Merger.
ALESSANDRA LORA—On February 26, 2024, the Federal Trade Commission (“FTC”) sued to block the proposed merger of supermarket giants, Kroger and Albertsons. As the largest proposed merger in the supermarket industry with Kroger’s $24 billion acquisition of Albertsons Companies, the FTC claims the proposed deal is monopolistic, which in turn will lead to decreased competition. […]