Federal Judge Blocks $25 Billion Kroger-Albertsons Merger in FTC Victory

Dec 11, 2024, 09:30 AM

A federal judge has blocked the proposed $24.6 billion merger between supermarket giants Kroger Co. and Albertsons Cos. Inc. The decision, handed down on Tuesday, Dec. 10, was a victory for the Federal Trade Commission (FTC), which had sued to block the deal, arguing that it would weaken competition in the grocery sector. Judges in Oregon and another court overseeing separate cases both issued rulings to halt the merger, potentially scuttling the deal.