Senate Skeptics of Kroger-Albertsons Merger Announce Hearing
- Senators express “serious concerns” about the proposed merger
- FTC also asked to scrutinize the proposed tie-up for antitrust
A customer walks through a Albertsons Cos. grocery store in Scottsdale, Arizona.
Photographer: Ash Ponders/BloombergThis article is for subscribers only.
Two US senators said they will hold a hearing in November on Kroger Co.’s planned $24.6 billion takeover of Albertsons Cos. that would highlight its impact on competition among grocery stores.
Minnesota Senator Amy Klobuchar and Utah Senator Mike Lee, the top Democrat and Republican on the Senate Judiciary antitrust panel, expressed “serious concerns about the proposed transaction” in a statement announcing the hearing Tuesday.