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 to block the merger as anticompetitive.
Albertson’s plans to buy majority stake in Rite Aid
The grocery company Albertson’s, owner of Safeway and several other supermarket chains, plans to buy a majority stake in Rite Aid. The combined company will have 4,900 locations across 38 states and the District of Columbia. Company executives cited Amazon’s purchase of Whole Foods as one reason for the buy.