U.S. Judge Will Hear FTC Challenge to Albertsons-Kroger Deal in August

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 supermarket empire with more than 4,000 stores, saying it would boost grocery prices for millions of Americans. The tie-up has drawn tough scrutiny from lawmakers and consumer groups worried about higher grocery prices, job losses and store closures.
Nelson of the U.S. District Court in Portland, Oregon said both sides must file a proposed briefing schedule by Friday.
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