HomeBusinessKroger and Albertsons executives defend proposed merger at hearing

Kroger and Albertsons executives defend proposed merger at hearing

Albertsons and Kroger supermarkets

Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images

The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up.

On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, where they faced a series of questions about how the deal could shake up the competitive landscape — and potentially the prices that consumers pay at the store.

“I just don’t see less competition going forward,” Kroger CEO Rodney McMullen said at the hearing by the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights. “It’s easy for customers to make a right turn or a left turn.”

Kroger announced plans in October to acquire…

Read more at www.cnbc.com

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