WATCH: Rep. Jayapal speaks against Kroger's proposed merger

U.S. Representative Pramila Jayapal (WA-07) is calling on the Federal Trade Commission (FTC) to closely investigate Kroger's proposed acquisition of Albertsons. 

Jayapal said the proposed acquisition would threaten competition and hurt consumers, workers, and small businesses. It presents several anti-competitive concerns, including fewer product choices and higher costs, she said in a release. She is holding a press conference Monday afternoon to discuss her objections. 

This comes after two of the nation's largest grocers agreed to merge on Oct. 14 in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

The more than $20 billion deal would allow Kroger, which owns Fred Meyer and QFC stores, to acquire Albertsons, which owns Safeway stores. The deal is expected to close in early 2024 if it's approved by the FTC, the Department of Justice and survives any court challenges.

Kroger Chairman and CEO Rodney McMullen, who would retain those titles at the combined company, said the combination could save $1 billion annually in lower administrative costs, more efficient manufacturing and distribution, and shared investments in technology. He said the company would plow those savings back into lower prices, higher wages and improved stores.

“We will take the learnings from each company to bring greater value and a better experience to more customers, more associates, and more communities," McMullen said in a conference call with investors.

A King County judge granted a temporary restraining order blocking Albertsons from making a $4 billion dividend payment to investors on Nov. 3.

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[szetze]

How are companies allowed to become so close to being a monopoly? Blows my mind…!!

[goldenroux]

In the fatal words of Marie Antoinette "let them eat cake from Kroger". Workers and consumers organizing together amounts to good trouble.

[larspmohr]

Same here. My two closest stores are qfc and Safeway. I'm worried about prices if they merge

[lxraycatmaui]

Imagine having 1/3 the stores we now have.

[cbrvench]

You got a fast car, I got a plan, to get us out of here. ♫

[chrishughes]

They have been merged for years. Someone is a little late to the show.

[Snickles]

In a city that you have to make at least $150, 000 a year to live comfortably I hardly think she cares sounds like someone didn't get a donation

[Michael-bgqt]

Kroger has more Kroger products recalled than any other food chains in America. Period.