from elected officials, independent retailers and some union groups over its potential impact on workers’ jobs, as well as on industry competition and food prices for consumers. Some lawmakers in Washington, including Ms. Klobuchar, and state-level officials have said they worry the merger could hinder competition..
The chains have said they expect the regulatory review process to take as long as two years, with the deal closing in early 2024. They have submitted information on the proposed deal to the Federal Trade Commission for review and have said they expect to sell stores to secure approval. In grocery-sector deals,Kroger CEO Rodney McMullen is expected to testify at the Senate hearing.Ms.
A group of state attorneys general has asked Albertsons to delay a $4 billion dividend payment, announced when the companies agreed to their merger, until antitrust officials finished reviewing the deal. The attorneys general have said the dividend could hurt Albertsons’ ability to compete with Kroger and other grocers, particularly if the deal doesn’t go through.
senyorreporter
There would be no effect. Both companies have a diminishing amount of items to sell and neither can get more at affordable prices.
Another TOPS grocery in mergers. Fined Wells Fargo- hmmmm
Around my town we have Kroger + Albertsons, Thom Thumb, HEB, Walmart (Sam’s, Corner Grocery, Super Walmart), Super Target, and COSTCO. So the merger would not lessen competition much.
But SBF walks around free.
Opposing mergers in a 2.5% profit margin business? Profile in Courage 2
Proud as punch that her country is bombing innocent children..KARMA
Your reminder that post merger the company will have less than 14% of the national grocery market.
Is it crazy to think that these 2 kinda need this merger? They lose ground all the time to places like WalMart, Aldi and others.
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