By Bill Wilson
Source: Supermarket News
During closing arguments Tuesday in the Kroger, Albertsons federal merger trial in Portland, Ore., attorneys for the Federal Trade Commission asked a U.S. District Court judge to block the deal, according to reports.
During the final day of the trial, FTC lawyers asked U.S. District Judge Adrienne Nelson to issue a preliminary injunction that would pause the merger while an in-house administrative law judge reviewed the complaint.
The FTC said it believes the merger would indeed lead to higher food prices in an already troubled economy still grappling with inflation. The agency contends that Kroger and Albertsons compete with one another (and not the likes of Amazon or Costco) and that removing that competition would ultimately be harmful for the consumer.
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