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Big Law

Lawmakers Call on U.S. Regulator to Thwart Kroger’s Proposed $24.6 Billion Acquisition of Albertsons

Six U.S. lawmakers wrote to the Federal Trade Commission (FTC) on Monday expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operator Albertsons by peer Kroger Co, according to a letter reviewed by Reuters.

Kroger and Albertsons have said they expect to complete their merger by early 2024, once the FTC completes its antitrust review.

Senators Elizabeth Warren, Mazie Hirono, Bernie Sanders and Cory Booker and representatives Summer Lee and Alexandria Ocasio-Cortez said in the letter that Kroger’s proposal to divest 413 stores to C&S Wholesale Grocers would not address harms to consumers, workers, and the grocery industry if the merger is allowed.

Read more at Yahoo! Finance

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