By Mark Hamstra
Source: Supermarket News
Kroger and Albertsons both filed sharply worded comments this week asserting that the Federal Trade Commission defined the competitive retail and labor markets much too narrowly in its effort to block the retailers’ planned merger.
Unlike their statements to the media after the FTC announced in February that it would sue to block the proposed, $24.6 billion merger, the retailers took a much more combative stance and provided detailed objections to the FTC’s specific allegations in their latest filings.
“The Commission’s claims are premised entirely on the Commission’s distortion and willful ignorance of basic but critical facts,” Albertsons said in its comments.
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