Top Republican on Senate antitrust panel promises oversight of grocery deal
Reuters
Published Oct 14, 2022 12:26PM ET
Updated Oct 14, 2022 05:16PM ET
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:KR) 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.
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Written By: Reuters
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