Kroger CEO defends potential merger with Albertsons
In testimony Wednesday in federal court in Portland, Oregon, Kroger CEO Rodney McMullen said the proposed $24 billion merger with Albertsons would lead to lower grocery store prices. The Federal Trade Commission has sued to block the deal, alleging it would actually raise prices by reducing competition in some areas of the country. Jo Ling Kent has details.
In testimony Wednesday in federal court in Portland, Oregon, Kroger CEO Rodney McMullen said the proposed $24 billion merger with Albertsons would lead to lower grocery store prices. The Federal Trade Commission has sued to block the deal, alleging it would actually raise prices by reducing competition in some areas of the country. Jo Ling Kent has details.
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