Posted 2/27/2024, 12:08:00 AM
Biden Administration Sues to Block Kroger-Albertsons Merger Over Antitrust Concerns
- Biden administration sues to block $24.6B Kroger-Albertsons supermarket merger, arguing it would lead to higher grocery prices
- Deal announced in October 2022 as way for chains to compete with Walmart & Amazon; FTC says it would reduce competition
- Administration hoping to win support from Americans concerned about 25% rise in food prices under Biden
- Kroger has major presence in swing states NV & AZ; blocking deal seen as move to help Dems in 2024 election
- Biden "committed to lowering grocery costs using every tool," deal could impact tight races in states with high food bills