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Albertsons has announced it is terminating its proposed merger with fellow grocery giant Kroger after a federal court sided with the Federal Trade Commission (FTC) and blocked the deal. The $24.6 billion merger, which would have created one of the largest grocery chains in the United States, faced significant opposition from regulators who argued it would stifle competition and harm consumers by driving up prices.
The decision to abandon the merger comes as Albertsons files a lawsuit in Delaware, accusing Kroger of failing to meet its obligations to secure regulatory approval as outlined in their agreement. The lawsuit alleges. . .
