FTC Kroger and Groub preserves supermarket competition agreement with Ion in Indiana.

0 Comments | M2 Presswire, August, 1999

M2 PRESSWIRE-24 August 1999-US FTC: FTC Kroger and Groub preserves supermarket competition agreement with Ion in Indiana (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:230899 The Federal Trade Commission today announced a proposed settlement agreement with The Kroger Co. and The John C. Groub Company, Inc.

The agreement would resolve FTC charges that the proposed acquisition of Groub by Kroger would substantially lessen supermarket competition in Indiana and could result in higher prices or reduced quality and selection for consumers. The proposed agreement would require Kroger and Groub to divest three supermarkets in Columbus and Madison, Indiana, to Roundy's, Inc. Roundy's is one of the largest food wholesalers in the United States and an operator of...