Cincinnati-based The Kroger Co. has received a request for additional information from the Federal Trade Commission as part of the regulatory review process for its merger with Albertsons Cos.
Kroger issued the following statement:
“Kroger looks forward to realizing the compelling benefits this merger will offer, including enhancing competition, lowering prices for customers, improving access to fresh food, creating opportunities to continue investing in our associates and securing the long-term future of union jobs. We will continue to work cooperatively with the Federal Trade Commission as it conducts its review of the merger, including developing a thoughtful divestiture plan. Kroger continues to expect to complete the merger in early 2024.”
The second request extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after Kroger and Albertsons Cos. have complied with the requests or the waiting period is terminated sooner by the Federal Trade Commission. The transaction remains subject to customary closing conditions.
To learn more about the merger, visit krogeralbertsons.com.
“We are bringing together two purpose-driven organizations to deliver superior value to customers, associates, communities and shareholders,” said Rodney McMullen, Kroger chairman and CEO, who will continue serving as chairman and CEO of the combined company.
To read more about the merger presented by The Shelby Report, click here.
