US FTC: Agreement with Kroger & Fred Meyer preserves supermarket competition in Arizona, Wyoming and Utah.

0 Comments | M2 Presswire, May, 1999

M2 PRESSWIRE-28 May 1999-US FTC: FTC agreement with Kroger and Fred Meyer preserves supermarket competition in Arizona, Wyoming and Utah (C)1994-99 M2 COMMUNICATIONS LTD RDATE:270599 The Federal Trade Commission today announced a proposed settlement agreement with Kroger Co. and Fred Meyer Stores, Inc.

The agreement would resolve FTC charges that the proposed acquisition of Fred Meyer by Kroger would substantially lessen supermarket competition in Arizona, Wyoming, and Utah and could result in higher prices or reduced quality and selection for consumers. The proposed agreement would require Kroger and Fred Meyer to divest eight supermarkets in seven communities. Under the consent agreement, Kroger would have to divest five supermarkets in the three states...