U.S. trade agency opposes giant grocery merger as anticompetitive

The largest proposed supermarket merger in U.S. history, Kroger’s $24.6 billion purchase of Albertsons, would mean higher prices for food shoppers and less competition, said the Federal Trade Commission on Monday. The FTC said it would file suit in federal court in Oregon to block the merger as anticompetitive. If carried out, the merger would… » Read More