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Kroger Issues Statement to Federal Trade Commission, Provides Update on Merger With Albertsons

Kroger Issues Statement to Federal Trade Commission, Provides Update on Merger With Albertsons


CINCINNATI, OH
Wednesday, December 7th, 2022

An update has arisen in regard to the potential merger agreement recently announced by Kroger and Albertsons. Recently, the companies’ Chief Executive Officers–Albertsons’ Vivek Sankaran and Kroger’s Rodney McMullen—appeared before a congressional hearing to defend the deal.

Now, Kroger has issued a statement responding to a request for additional information from the Federal Trade Commission as part of the regulatory review process for the merger.

Following a request for additional information from the Federal Trade Commission, Kroger recently issued a statement highlighting the proposed benefits of its merger with Albertsons

“Kroger looks forward to realizing the compelling benefits this merger will offer, including enhancing competition, lowering prices for customers, improving access to fresh food, creating opportunities to continue investing in our associates, and securing the long-term future of union jobs,” the grocer said in its statement. “We will continue to work cooperatively with the Federal Trade Commission as it conducts its review of the merger, including developing a thoughtful divestiture plan. Kroger continues to expect to complete the merger in early 2024.”

According to a press release, the second request extends the waiting period imposed by the Hart–Scott–Rodino Antitrust Improvements Act until 30 days after Kroger and Albertsons have substantially complied with the requests or the waiting period is terminated sooner by the Federal Trade Commission, and the transaction remains subject to customary closing conditions.

Deli Market News will continue to report on this pivotal pending grocery deal, so keep an eye out for our next update.

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