WASHINGTON, D.C. — Today, the Federal Trade Commission (FTC) and a bipartisan group of 9 state attorneys general sued to block grocery store Kroger’s $26.4 billion acquisition of its competitor, Albertsons. In response to the announcement, Demand Progress Corporate Power Director Emily Peterson-Cassin issued the following statement:
“We applaud the FTC for its careful review of and decision to oppose the Kroger-Albertsons merger. In a time when families are seeing sky-high prices at the grocery store, we cannot allow for mergers to move forward that would raise prices on consumers. We know that corporations are playing a central role in these prices Americans face by jacking up prices and raking in massive profits. It’s past time that the government took action to rein in these out-of-control, greedy behemoths and this step from the FTC today is an excellent move in doing so.”