Good luck to Kroger and Albertsons – U.S. lawmakers are already getting concerned about a deal. Late last week, the former said that it would purchase the latter for $25 billion, and U.S. Democratic Senator Amy Klobuchar and Republican Senator Mike Lee were quick to say that they would hold a hearing to discuss the merger. A European interloper could make deal plans even harder.
of his desire to consolidate U.S. grocers. The Netherlands-based firm is already the fourth largest grocery chain. If it managed to cobble together a better offer than Kroger’s bid for Albertsons, it would become the second largest supermarket. Plane spotters tracked two Albertsons jets next to Ahold Delhaize’s U.S. base in MassachusettsAhold can also afford a chunky deal. The Dutch grocer has debt of just 2 times its $6.7 billion of EBITDA estimated for this year, according to Refinitiv.
The announcement by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee antitrust panel, and Republican Senator Mike Lee confirmed a previous report by Reuters. The Federal Trade Commission is expected to review the deal to ensure it complies with antitrust law.
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