The Kroger Co. (NYSE:KR) disclosed on Thursday that it has begun private exchange offers for eligible holders to swap any outstanding notes issued by Albertsons Companies, Inc. (NYSE:ACI) and its subsidiaries for up to $7.44 billion in new Kroger notes and cash. Apart from this, the company plans to cut grocery prices by $1 billion following its $25 billion merger, reported Reuters. The supermarket merger, announced in October 2022, aimed to create a grocery giant with over 4,000 stores. However, it has faced antitrust lawsuits, with Washington State’s attorney general leading the challenge ov…