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Kroger and Albertsons announce plans to offload hundreds of locations
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Business, Social Studies, Other
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9th - 10th Grade
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Hard
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The transcript discusses a proposal where over 500 stores, six distribution centers, and a dairy plant are to be transferred to CNS Wholesale Grocers in a $25 billion deal. Despite not being approved by regulators, companies are moving forward with the plan. The Federal Trade Commission (FTC) has filed a lawsuit to halt the deal, arguing it would harm supermarket competition and increase grocery prices.
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