Mega-merger between Kroger and Albertsons delayed by a Colorado court

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The proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.

From left, A Kroger grocery store sign is seen in Flowood, Mississippi, in June 17. The Albertsons logo is displayed on a sign in front of an Albertsons grocery store in 2022 in Los Angeles.

“The trial is set to begin on September 30 and my office looks forward to making the case that this merger will eliminate competition and impact food prices, jobs and consumer choice,” Colorado State Attorney Phil Weiser said in a statement.Washington’s attorney general was the first to challenge Kroger’s proposed buying of smaller rival Albertsons in January. The Colorado lawsuit was set for a hearing on August 12.

“Today’s decision is welcome news as it eliminates the need for a preliminary injunction hearing in Colorado,” a Kroger spokesperson said.“The merger is not a done deal, far from it,” a statement from a coalition of unions said. “We remain focused on stopping the proposed mega-merger for the same reasons we have stated since it was first announced over 20 months ago — because we know it would harm workers, it would harm shoppers, it would harm suppliers and communities and it is illegal.

A Kirkland man was arrested in New Hampshire for allegedly abusing a 7-year-old girl to death in Kirkland in April.Man killed in Pierce County deputy-involved shooting

 

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