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.
A federal judge just blocked Kroger's $24.6B acquisition of Albertsons. Four corporations control 70% of retail grocery sales in America. Kroger and Albertsons are two of those corporations. Less competition means more opportunity to price gouge. This deal was a rotten egg.
-- Robert Reich (@rbreich.bsky.social) December 10, 2024 at 5:44 PM
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