US courts block Kroger’s $25 bn supermarket mega-merger …C0NTINUE READING HERE >>>
Kroger, the supermarket giant which owns Food 4 Less among other grocery brands, was blocked by a US judge in its proposed merger with rival chain Albertsons.
Photo: Frederic J. BROWN / AFP
Source: AFP
Two US courts ruled against supermarket giant Kroger’s planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.
The first order…
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