US judge to hear FTC challenge to Kroger Albertsons deal on Aug. 26

By Thomson Reuters Mar 11, 2024 | 6:14 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 $24.6 billion deal to buy smaller rival Albertsons.

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.

(Reporting by David Shepardson; Editing by Sandra Maler)