The Federal Trade Commission is suing in federal court to block the proposed $25B merger of supermarket giants Kroger and Albertsons.
In a release announcing its administrative complaint and authorizing the federal lawsuit, the FTC said that the combination of Kroger and Albertsons would result in higher prices for consumers and lower wages for store workers.
"This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. Kroger's acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," said Henry Liu, director of the FTC's bureau of competition, in a statement.
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