US grocer Kroger has announced that the Federal Trade Commission has completed its review of the company’s proposed acquisition of 18 Raley’s stores in Las Vegas.
Go deeper with GlobalData
Kroger and Raley’s now expect to close the transaction on Friday 15 November. Kroger’s Smith’s and Food 4 Less will begin converting the stores to their banners later this month.
The FTC said it had concluded that the deal was not likely to hamper competition among supermarkets in the Las Vegas area.
“Rather, consumers in this market have benefited and are expected to continue to benefit from rivalry among at least the four remaining major competitors, including Wal-Mart,” the FTC was reported as saying by Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
