US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher
The Federal Trade Commission is suing to block a proposed merger between grocery giants Kroger and Albertsons.
The FTC says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.
The FTC filed a lawsuit Monday in U.S. District Court in Oregon.
It was joined in the suit by the attorneys general of eight states and the District of Columbia.
Kroger and Albertsons, two of the nation’s largest grocers, agreed to merge in October 2022.
The companies said a merger would help them better compete with Walmart, Amazon, Costco and other big rivals.
LOOK: How Much Does the Average American Family Spend on Groceries?
The USDA splits Americans into three categories based on consumption habits and according to the agency's latest analysis, a family of four is spending more than ever at the grocery store. Take a look at just how much we're shelling out--the numbers may shock you.
Gallery Credit: Meg Dowdy
The 25 Best Mustaches in Rock Music
I "mustache" you a question: What are rock music's best mustaches? If you want to know my opinion, see the following list of the 25 greatest lip rugs in rock.
Gallery Credit: Philip Trapp