4u Created
Image default

Top Republican on Senate antitrust panel promises oversight of grocery deal By Reuters

© Reuters. A screen displays the company logo for Kroger Co on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. REUTERS/Brendan McDermid

WASHINGTON (Reuters) – The top Republican on a U.S. Senate antitrust panel, Senator Mike Lee, promised on Friday that there would be significant oversight of a plan by Kroger (NYSE:) Co to buy rival Albertsons Cos Inc.

“Utahns, like all Americans, are suffering from skyrocketing food prices,” Lee said in a statement. “I will do everything in my power to ensure our antitrust laws are robustly enforced to protect consumers from anticompetitive mergers that could further exacerbate the financial strain we already feel in the grocery store checkout aisle.” The $24.6 billion deal was announced Friday.

Source link

Related posts

Long COVID at 12 months persists at 18 months, study shows By Reuters

Janney Starts Shore Bancshares at Neutral

Prada to name former Luxottica chief Andrea Guerra as new CEO By Reuters