Overview
On October 14, 2022, Barron's quoted Michael Weiner in a piece titled "Kroger and Albertsons Say the Merger Will Cut Prices. Their Shares Are Tumbling." The article discusses the merger of the grocers Kroger and Albertsons. There are growing concerns amidst the threat of inflation and food prices. The merging companies say that the $25 billion deal will lower food prices because they plan to invest in price cutting measures.
Weiner said in regards to the merger, "The companies can expect a very tough period of scrutiny by the Federal Trade Commission…Food prices have risen rapidly this year and midterm elections are coming up. This is politically a very sensitive deal."
The full article can be read on Barron's. (Subscription required)
