CINCINNATI — The next step in The Kroger Co.’s acquisition of Albertsons Companies is an expected second request for additional information from the Federal Trade Commission.
Due to the Hart–Scott–Rodino Antitrust Improvements Act, this second request creates a waiting period of 30 days following the date Kroger and Albertsons meet the Federal Trade Commission’s request. The Federal Trade Commission may also end the waiting period sooner.
“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,” the company said. “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. Kroger continues to expect to complete the merger in early 2024.”
Following The Kroger Co.’s proposed acquisition of Albertsons, the Washington State Court granted a temporary restraining order on Nov. 3 on the basis that the company would be unable to compete if it paid the $6.85 per common share special dividend while the merger is under antitrust review.