Kroger, Albertsons agree to temporarily halt merger plans while Colorado lawsuit proceeds

FILE - An Albertsons grocery store is seen at 1219 S Broadway Ave., Thursday, Oct. 14, 2022, in Boise, Idaho. The Federal Trade Commission on Monday, Feb. 16, 2024, sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

The companies say they would be better able to compete with rivals like Walmart and Costco if they merge. But Colorado Attorney General Phil Weiser sued to block the merger earlier this year, saying it would harm shoppers and workers by eliminating the competition that now exists between the 148 Kroger-owned groceries and 105 Albertsons-owned groceries in Colorado.A judge in Denver District Court was scheduled to consider a preliminary injunction that would temporarily block the merger on Aug. 12.

Luxen will consider the state's argument that the merger should be permanently blocked during a trial scheduled to begin Sept. 30.In February, the Federal Trade Commission sued to block the merger in federal court. That lawsuit, which will proceed in Oregon, was joined by eight states and the District of Columbia. The judge in that case is scheduled to consider the FTC's request for a preliminary injunction on Aug. 26.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Kroger, Albertsons agree to temporarily halt merger plans while Colorado lawsuit proceedsSupermarket chains Kroger and Albertsons on Thursday agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections. Kroger and Albertsons announced their planned merger in October 2022.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Mega-merger between Kroger and Albertsons delayed by a Colorado courtThe proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.
Herkunft: Mynorthwest - 🏆 438. / 53 Weiterlesen »

Kroger-Albertsons merger temporarily halted by Colorado judge until SeptemberÓscar A. Contreras is a Murrow-nominated journalist who has been writing for the E.W. Scripps Company since January 2014.
Herkunft: DenverChannel - 🏆 239. / 63 Weiterlesen »

Kroger-Albertsons merger could lead to sale of 91 stores across ColoradoKroger and Albertsons would unload 91 grocery stores in Colorado if the companies prevail in lawsuits and regulators’ opposition to a merger of the two large supermarket chains.
Herkunft: denverpost - 🏆 13. / 72 Weiterlesen »

91 Colorado grocery stores to be sold if Kroger-Albertsons merger goes throughJeff is a digital journalist with the Denver7 team.
Herkunft: DenverChannel - 🏆 239. / 63 Weiterlesen »