Kroger, Albertsons to defend merger at Senate hearing, WSJ reports

The CEOs of Kroger (KR) and Albertsons (ACI) are expected to testify on Tuesday at a Senate subcommittee hearing, where they are expected to defend their companies’ proposed $20B merger, The Wall Street Journal’s Jaewon Kang reports. The proposed merger has drawn opposition from elected officials, independent retailers and some union groups over its potential impact on workers’ jobs, as well as on industry competition and food prices for consumers. Reference Link