CEOs of Jewel, Mariano’s parent companies defend proposed megamerger before Senate lawmakers (copy)

Summary by Ground News

Kroger announced plans in October to acquire Albertsons for $20 billion. The grocery companies have said the merger will allow them to better compete with Walmart. Kroger has said it will invest half a billion dollars of cost savings from the merger into lower prices for consumers.

Published 2 months ago · Bloomington, United States

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CEOs of Jewel, Mariano’s parent companies defend proposed megamerger before Senate lawmakers (copy)

At a hearing in Washington, D.C., lawmakers expressed concern that the proposed merger would lead to higher food prices at a time when Americans are already facing inflated food costs.

2 months ago·Cherokee County, United States

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