00:00It's Benzinga, and here's what's on the block.
00:02The antitrust trial between the FTC and Kroger began with opening arguments on Monday and
00:07could shape the future of America's grocery sector.
00:10The FTC seeks to block Kroger's $25 billion acquisition of Albertsons, a merger that would
00:15create the second-largest grocery chain in the U.S. after Walmart.
00:19The trial may hinge on which retailers are considered Kroger's key competitors.
00:23The defense warned that blocking the deal could lead to layoffs, store closures, or
00:27even the sale of Albertsons to another company.
00:30This case could be one of the last major antitrust decisions under the Biden-Harris administration
00:35before the next election.
00:36For all things money, visit Benzinga.com.
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