Federal Judge Blocks Kroger's $24.6 Billion Acquisition of Albertsons Over Competition Concerns

Dec 10, 2024, 08:26 PM

A federal judge has blocked Kroger Co.'s proposed $24.6 billion acquisition of Albertsons Cos., citing concerns that the merger would reduce competition in the U.S. grocery market. This decision comes after a state judge in Washington was slated to rule on the antitrust case, highlighting the regulatory scrutiny the merger has faced. The ruling marks a significant setback for the deal, which aimed to create one of the largest supermarket chains in the country.