U.S. lawmakers set hearing on Kroger grocery mega merger

Traders work as screens display the trading information for Kroger Co and Albertsons Cos Inc. on the floor of the New York Stock Exchange in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid

A Kroger spokesperson said the company looked forward to the hearing. "We welcome the opportunity to outline how this transaction will benefit America’s consumers by expanding access to fresh, affordable food," the company said in a statement.Separately, Klobuchar and fellow Democrats Richard Blumenthal and Cory Booker released a letter expressing concern about the deal.

between the No. 1 and 2 standalone grocers in the United States will bring under one roof nearly 5,000 stores that include banners such as Albertsons' Safeway and Kroger-owned Ralphs and Fred Meyer.

If this goes through, regulators have lost the plot entirely.

I am banned for life from Kroger's for life because I slammed a grocery cart into a freezer, shattering the glass. Does this mean I am now banned from Albertsons?

Plenty of cash for a merger but inflation.

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Kroger To Acquire Albertsons In a Mega-MergerAmerica's largest grocery chain Kroger is set to acquire its competitor Albertsons in a $24.6 billion merger.
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Jim Cramer gives his take on the Kroger-Albertsons mergerCramer gave his thoughts on the nearly $25 billion deal on Monday.
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Grocery chain that was part of failed merger with Rite Aid in 2018 is part of massive deal with KrogerTogether, Albertsons Cos. and Kroger currently employ more than 710,000 people and operate a total of 4,996 stores, 66 distribution centers, 52 manufacturing plants, 3,972 pharmacies and 2,015 fuel centers across 48 states and the District of Columbia. Albertson had once planned to merge with Rite Aid.
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