Unions praise FTC lawsuit blocking Kroger and Albertsons’ merger

Unionized workers at Kroger and Albertsons supermarkets on Monday mostly celebrated the U.S. Federal Trade Commission's lawsuit to block the retail merger, citing the possibility of lower wages and higher prices at a combined grocery chain. The FTC sued to block Kroger's $24.6 billion deal to buy smaller rival Albertsons' on Monday saying it would lead to higher grocery prices, financially straining Americans, . "The FTC's decision reflects clear concerns over the impact such a megamerger could have on workers, food prices, and millions of customers," Marc Perrone, president of the United Food and Commercial Workers International Union said in a statement.