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$25 Billion Kroger-Albertsons Merger Blocked By Federal Judge

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Acquisition ニュース

Merger,Ftc,Antitrust

The judge sided with the Federal Trade Commission, which raised antitrust concerns over the merger.

A federal judge blocked a $24.6 billion merger between Kroger and Albertsons on Tuesday, ruling against the merger over concerns it would lessen competition in the supermarket sector.

FTC spokesperson Douglas Farrar told Forbes the blocked deal “will prevent prices from rising even more,” adding the ruling makes clear that strong “antitrust enforcement delivers real results for consumers, workers, and small businesses.” Kroger, which operates 2,750 grocery stores, unsuccessfully attempted to appease regulators by agreeing to sell 579 stores to C&S Wholesale Grocers, arguing the wholesale grocery company would replace competition potentially lost by the Kroger-Albertsons merger .

Albertsons spokesperson Tom Moriarty told Forbes the chain is disappointed by the ruling and said it believes it “clearly outlined during the proceedings how the proposed merger would expand competition, lower prices, increase associate wages, protect union jobs, and enhance customers’ shopping experience.”: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign up here.

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