Albertsons announced on Wednesday it is suing Kroger after a federal judge issued a preliminary injunction to prevent the Kroger Company from acquiring Albertsons on Tuesday. Albertsons says that Kroger failed to make a 'good faith' effort to secure the merger. The company also said that Kroger harmed Albertsons' shareholders and employees by not securing the merger.
'The FTC, along with our state partners, scored a major victory for the American people, successfully blocking Kroger’s acquisition of Albertsons. This historic win protects millions of Americans across the country from higher prices for essential groceries—from milk, to bread, to eggs—ultimately allowing consumers to keep more money in their pockets,' FTC Bureau of Competition Director Henry Liu said.
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