Kroger approaching finish line on acquisition of Albertsons

The Kroger Co. has taken a big step toward the largest acquisition in its history by certifying to the Federal Trade Commission that its $24.6 billion deal with the Albertsons grocery chain substantially complies with antitrust rules. An attorney for the grocery chains told the WCPO 9 I-Team this week that the companies “certified substantial compliance on Nov.15.” By law, that triggers a 30-day timeline in which the FTC must accept the deal or sue to block it. However, the parties can delay a final decision to continue negotiations. Read more: https://tinyurl.com/572wrdf6