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Published 1 year ago

US lawmakers skeptical Kroger-Albertsons merger will mean lower prices

Summary by Ground News
Kroger announced its plan to acquire Albertsons for $20 billion in mid-October. If it's approved by U.S. antitrust regulators, the deal is expected to close in early 2024. Together, the companies would control about 13% of the grocery market. Kroger CEO Rodney McMullen said Kroger has lowered prices after other mergers.

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