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.

Published 2 months ago

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Associated Press News

US lawmakers skeptical grocery merger will mean lower prices

2 months ago·United States

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KRDO

US lawmakers skeptical grocery merger will mean lower prices

By DEE-ANN DURBIN AP Business WriterU.S. senators from both parties expressed skepticism Tuesday that a proposed merger between grocery giants Kroger and Albertsons would result in lower prices for consumers.“Fewer local options mean less competition to keep prices low,” said Sen. Alex Padilla, a California Democrat, in a hearing before the antitrust subcommittee of the Senate Judiciary Committee. Padilla said Kroger and Albertsons compete in ma…

2 months ago·Colorado Springs, United States

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Winnipeg Free Press

U.S. lawmakers skeptical grocery merger will mean lower prices

Breaking News, Sports, Manitoba, Canada

2 months ago·Winnipeg, Canada

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Spectrum News

U.S. lawmakers skeptical grocery merger will mean lower prices

CEOs of Kroger and Albertsons said a merger will help them counter growing rivals like Walmart, Costco and Amazon.

2 months ago·United States

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WRIC

US lawmakers skeptical grocery merger will mean lower prices

U.S. senators from both parties expressed skepticism Tuesday that a proposed merger between grocery giants Kroger and Albertsons would result in lower prices for consumers. “Fewer local options mean less competition to keep prices low,” said Sen. Alex Padilla, a California Democrat, in a hearing before the antitrust subcommittee of the Senate Judiciary Committee. Padilla […]

2 months ago·Richmond, United States

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9NEWS Denver

US lawmakers skeptical Kroger-Albertsons merger will mean lower prices

Kroger announced its plan to acquire Albertsons for $20 billion in mid-October. Together, the companies would control about 13% of the U.S. grocery market.

2 months ago·Denver, United States

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