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

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U.S. senators who scrutinize antitrust issues expressed 'serious concerns' about grocery company Kroger Co's plan to buy rival Albertsons Cos Inc , and said they would hold a hearing next month on the $25 billion deal.

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.

 

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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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