A judge blocked Kroger’s $24.6 billion acquisition of Albertsons, siding with the FTC and ruling that the merger would significantly reduce competition in the grocery sector.
The judge noted that the planned divestiture of stores to C&S Wholesale was inadequate, lacking the scale necessary to effectively compete against the larger merged entity.
FTC spokesperson Douglas Farrar stated that today's win protects grocery market competition, preventing further price increases and reinforcing the effectiveness of strong antitrust enforcement.
Judge Adrienne Nelson emphasized that the deficiencies in the divestiture structure could lead to failures among the divested stores, risking competition.
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