( ) -v-33- UNDATED (Correspondent Jeremy House) “std.” The chief executive officers of Kroger and Albertsons present their case in court for what would be the largest grocery chain merger in U.S. history. Correspondent Jeremy House reports. [CutID: <Cuts> ALBERTSONS-KROGER-house-v-THUam.mp3 Time: 33s Title: ALBERTSONS-KROGER-house-v-THUam Out-cue: std] —————————– VERBATIM: Kroger CEO Rodney McMullen and Albertsons CEO […]
Audio
CEOs of Albertsons and Kroger says shoppers would see lower prices after merger
( ) -v-33- UNDATED (Correspondent Jeremy House) “std.”
The chief executive officers of Kroger and Albertsons present their case in court for what would be the largest grocery chain merger in U.S. history. Correspondent Jeremy House reports.
[CutID: <Cuts> ALBERTSONS-KROGER-house-v-THUam.mp3
Time: 33s
Title: ALBERTSONS-KROGER-house-v-THUam
Out-cue: std]
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VERBATIM: Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran (SAHN kar ahn) have insisted that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart and Amazon. The Federal Trade Commission is seeking a preliminary injunction to block the $24.6 billion deal. The commission and labor union leaders allege the merger would eliminate competition, lead to a decline in workers’ wages and benefits, and raise grocery prices for consumers.