What the two CEOs say under oath on Wednesday about prices, potential store closures and the impact on workers will likely be scrutinized in the years ahead.
PORTLAND, Ore. — The chief executive officers of Kroger and Albertsons were set to testify in federal court Wednesday, midway through a three-week hearing in which the grocery chains have defended their proposed merger from the U.S. government’s attempt to stop it.
The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. The Federal Trade Commission sued to prevent the $24.6 billion deal and has asked a U.S. District Court judge in
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