Albertsons, Kroger CEOs Defend $25 Billion Merger to Senate Committee

Albertsons, Kroger CEOs Defend $25 Billion Merger to Senate Committee
Traders work as screens display the trading information for Kroger Co. and Albertsons Cos Inc. on the floor of the New York Stock Exchange (NYSE) in New York on Oct. 14, 2022. Brendan McDermid/Reuters
Reuters
Updated:

WASHINGTON—Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger Co. and Albertsons Companies Inc. on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices.

Senator Amy Klobuchar, a Democrat and chair of the Senate Judiciary Committee’s antitrust subcommittee, said she worried the deal would mean a loss of competition in groceries, and potentially higher costs, at a time when inflation is already high.