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

Supermarket chains Kroger and Albertsons on Thursday agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections.in October 2022. 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. But on Thursday, Judge Andrew Luxen said all of the parties in the case had agreed that Kroger and Albertsons would temporarily halt their merger plans until after the court rules in the state’s case.

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 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.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

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

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.
स्रोत: denverpost - 🏆 13. / 72 और पढो »

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.
स्रोत: DenverChannel - 🏆 239. / 63 और पढो »

Albertsons and Kroger agree to pause merger amid legal, regulatory challengesKroger and Albertsons announced that the two companies agreed to temporarily pause their $25 billion merger as a lawsuit filed by Colorado challenging their merger goes to trial.
स्रोत: FoxBusiness - 🏆 458. / 53 और पढो »

Kroger-Albertsons merger temporarily halted amid lawsuitKroger and Albertsons are the parent companies of King Soopers/City Market and Safeway, the biggest grocery store chains in Colorado.
स्रोत: AKNewsNow - 🏆 460. / 53 और पढो »