FTC attempts to block $2.4 billion merger between Kroger and Albertsons
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(ABC 6 News) — The FTC has supermarket giant Kroger in the hot seat. The commission is attempting to block a $2.4 billion merger with rival Albertsons.
Last week, a Kroger executive admitted to price gouging on milk and eggs. Now, the CEO claims a merger would lead to lower prices in order to compete with Walmart and Costco.
Currently, grocery prices are up 25% since 2019.