Antitrust & Trade Reg.
Feb. 27, 2024
Kroger merger a case Biden's FTC 'could not afford' to sit out
The FTC’s decision to block the deal came as little surprise, but it has the potential to chill merger activity.
Lina Khan, chairperson of the Federal Trade Commission, speaks during the 2023 New York Times DealBook Summit at Jazz at Lincoln Center in Manhattan. (The New York Times)
California has joined seven other states and the Federal Trade Commission in suing to block the proposed merger of supermarket chains Kroger and Albertsons, a development described by one antitrust attorney as unsurprising but with the potential to “chill merger activity.”
The lawsuit, filed Monday, alleges that the $24.6 billion merger is in violation of the Clayton Act, which prohibits acquisitions leading to lesser competition or the cr...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In