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- Officials from seven US states have written to US antitrust enforcers to express their opposition to Kroger’s proposed $24.6 billion acquisition of Albertsons
- In a letter to FTC Chair Lina Khan, the seven secretaries of state said that the agreement would give a combined Kroger/Albertsons nearly one-quarter of the US food retail market share
- A Kroger spokesperson said that the planned deal would be good for consumers and store workers
WASHINGTON D.C.: Officials from seven US states have written to US antitrust enforcers to express their opposition to Kroger’s proposed $24.6 billion acquisition of Albertsons.
In a letter to Federal Trade Commission (FTC) Chair Lina Khan, the seven secretaries of state, who are all Democrats, said that the agreement would give a combined Kroger/Albertsons nearly one-quarter of the US food retail market share.
The secretaries of state from Colorado, Arizona, Maine, Minnesota, New Mexico, Rhode Island and Vermont wrote, “We are strongly opposed to this merger and urge you to stop this corporate consolidation that is draining Americans of their hard-earned wages and livelihoods.”
A Kroger spokesperson said that the planned deal would be good for consumers and store workers, adding that large, non-unionized competitors, such as Walmart and Amazon, would be the only parties to benefit if the merger was blocked.
Federal antitrust agencies usually work with state attorneys-general on mergers, and not with secretaries of state, who usually have a more limited business-oversight role.
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