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Kroger Receives Second Request From FTC

Specialty Food Association

The Kroger Co. announced Tuesday that it has received a request for additional information from the Federal Trade Commission as part of the regulatory review process for its planned merger with Albertsons Companies. 

The second request extends the waiting period imposed by the Hart–Scott–Rodino Antitrust Improvements Act until 30 days after Kroger and Albertsons have substantially complied with the requests or the waiting period is terminated sooner by the Federal Trade Commission, according to Kroger. The transaction remains subject to customary closing conditions.

“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.”

The CEOs of both companies recently testified before a Senate subcommittee hearing regarding the planned merger. During the meeting, both vowed to keep prices low, and protect jobs. Kroger expects to complete the merger in early 2024.

Related: McMullen, Sankaran Vow to Keep Prices Low, Protect Jobs; Kroger, Albertsons CEOs Face Congressional Questioning