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US: FTC supermarkets required to sell stores as a condition of $9.2 billion merger

By  |  January 27, 2015

Supermarket operators Albertsons and Safeway Inc. have agreed to sell 168 supermarkets to settle Federal Trade Commission charges that their proposed $9.2 billion merger would likely be anticompetitive.

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    According to the FTC’s complaint, Albertsons and Safeway compete vigorously on the bases of price, quality, product variety, and services. Without a remedy, according to the FTC, the acquisition will lessen supermarket competition to the detriment of consumer.

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    Also under the proposed settlement, the divestitures to Haggen must be completed within 150 days of the date of the merger.

    Full Content: Reuters

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