Seven U.S. secretaries of state oppose Kroger’s proposed acquisition of Albertsons

📆 16-08-23 23:35:00
📰 globebusiness

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In a letter to FTC Chair Lina Khan, the secretaries of state said that the deal would give a combined Kroger/Albertsons nearly a quarter of the U.S. food retail market

Officials from seven U.S. states wrote to U.S. antitrust enforcers on Wednesday to ask for Kroger’s proposed $24.6-billion acquisition of Albertsons to be stopped.

In a letter to Federal Trade Commission Chair Lina Khan, the secretaries of state said that the deal would give a combined Kroger/Albertsons nearly a quarter of the U.S. food retail market. “We are strongly opposed to this merger and urge you to stop this corporate consolidation that is draining Americans of their hard-earned wages and livelihoods,” wrote the secretaries of state from Colorado, Arizona, Maine, Minnesota, New Mexico, Rhode Island and Vermont.

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