Senate Antitrust Panel Plans Hearing on Kroger-Albertsons Deal

Senate Antitrust Panel Plans Listening to on Kroger-Albertsons Deal

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The Senate plans to carry a listening to in November on Kroger Co.’s deliberate $24.6 billion takeover of Albertsons Cos.

Sens. Amy Klobuchar (D-Minn.) and Mike Lee (R-Utah), the highest Democrat and Republican on the Senate Judiciary antitrust panel, expressed “critical considerations in regards to the proposed transaction” on Oct. 18 and stated the committee would host a November listening to on the deal.

Individually, in a joint letter to the U.S. Federal Commerce Fee, Klobuchar and two different Senate Democrats additionally requested the company to carefully scrutinize the deal, saying it “raises appreciable antitrust considerations.”

“The grocery trade is important to every day life, and Individuals want the advantages that sturdy competitors deliver,” they wrote.

Kroger ranks No. 25 and Albertsons ranks No. 40 on the Transport Matters Prime 100 record of the most important personal carriers in North America.

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