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US judge to hear FTC challenge to Kroger Albertsons deal on Aug. 26
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US judge to hear FTC challenge to Kroger Albertsons deal on Aug. 26
Mar 11, 2024 4:32 PM

WASHINGTON (Reuters) - U.S. District Judge Adrienne Nelson on Monday set Aug. 26 as the start of a hearing on the Federal Trade Commission's bid for a preliminary injunction to block supermarket chain Kroger's ( KR ) $24.6 billion deal to buy smaller rival Albertsons ( ACI ).

The FTC sued last month to block the deal that would create a grocery empire with more than 4,000 stores and has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses and store closures.

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