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KR Jan 2024 65.000 call

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  • Reuters

    Albertsons, Kroger CEOs to defend $25 billion merger to skeptical U.S. senators

    Top executives at Kroger Co and Albertsons Companies Inc are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern. Kroger Chief Executive Rodney McMullen and Albertsons' chief, Vivek Sankaran, will go before the Senate Judiciary Committee's antitrust panel, some of whose members have already criticized the deal. Senators Amy Klobuchar, chair of the Senate antitrust panel, and Richard Blumenthal were among those who signed a letter to Federal Trade Commission Chair Lina Khan, saying the merger "raises considerable antitrust concerns."

  • Reuters

    Albertsons, Kroger CEOs to defend $25 bln merger to skeptical U.S. senators

    Top executives at Kroger Co and Albertsons Companies Inc are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern. Kroger Chief Executive Rodney McMullen and Albertsons' chief, Vivek Sankaran, will go before the Senate Judiciary Committee's antitrust panel, some of whose members have already criticized the deal. Senators Amy Klobuchar, chair of the Senate antitrust panel, and Richard Blumenthal were among those who signed a letter to Federal Trade Commission Chair Lina Khan, saying the merger "raises considerable antitrust concerns."

  • Reuters

    Kroger, Albertsons CEOs to face congressional questions on planned U.S. merger

    Kroger CEO Rodney McMullen and Albertsons' top executive, Vivek Sankaran, will face questions this week on plans for the two giant grocery companies to merge in a $25 billion deal, Senator Amy Klobuchar's office said in a statement. The hearing was called by Klobuchar along with Senator Mike Lee, the top Republican on an antitrust panel of the Senate Judiciary Committee.