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September 5, 2024

Kroger's CEO says shoppers would see lower prices after merger

By CLAIRE RUSH and DEE-ANN DURBIN
Associated Press

PORTLAND — The chief executive officer of Kroger insisted Wednesday that merging with rival Albertsons would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and Amazon.

Kroger CEO Rodney McMullen argued in favor of what would be the largest grocery chain merger in U.S. history while testifying during a federal court hearing in Oregon on the U.S. government's request for a preliminary injunction that would block the $24.6 billion deal.


 
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