Senate Antitrust Panel Plans Hearing on Kroger-Albertsons Deal
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The Senate plans to hold a hearing in November on Kroger Co.’s planned $24.6 billion takeover of Albertsons Cos.
Sens. Amy Klobuchar (D-Minn.) and Mike Lee (R-Utah), the top Democrat and Republican on the Senate Judiciary antitrust panel, expressed “serious concerns about the proposed transaction” on Oct. 18 and said the committee would host a November hearing on the deal.
Separately, in a joint letter to the U.S. Federal Trade Commission, Klobuchar and two other Senate Democrats also asked the agency to closely scrutinize the deal, saying it “raises considerable antitrust concerns.”
“The grocery industry is essential to daily life, and Americans need the benefits that robust competition bring,” they wrote.
Kroger ranks No. 25 and Albertsons ranks No. 40 on the Transport Topics Top 100 list of the largest private carriers in North America.
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