A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.
The ruling is a major setback for the chains and puts the merger’s likelihood in jeopardy. Neither company immediately commented following the ruling.
The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. The companies own dozens of grocery chains, including Safeway, Vons, Harris Teeter and Fred Meyer.
Supermarkets have been losing ground in
→ Continue reading at CNN - Business News