Kroger gets second request for Albertson's merger info from Federal Trade Commission
Kroger Co. said Tuesday it received a second request for information from the Federal Trade Commission as part of the regulatory review process for its merger with Albertsons Companies Inc. , but it continues to expect to complete the deal by early 2024. "We will continue to work cooperatively with the FTC as it conducts its review of the merger, including developing a thoughtful divestiture plan," the company said. The second request extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after Kroger and Albertsons Cos. have complied with the requests. Shares of Kroger rose 0.5% in premarket trades. Albertsons dipped 0.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.