Kroger and Albertsons merger on hold until Denver court rules on lawsuit

Colorado Attorney Phil Weiser and Kroger and Albertsons have agreed to a preliminary injunction halting a merger between the two grocery chains until a Denver judge can rule on a permanent injunction that Colorado is seeking. A trial in that case is set to start Sept. 30. The proposed merger between Kroger Co. and Albertsons Cos. is on hold until an antitrust lawsuit from Colorado Attorney General Phil Weiser to permanently block the deal is resolved.

“I am pleased that Kroger and Albertsons agreed to halt their plans to merge until the court rules on the state’s lawsuit to permanently block the grocery merger. This is great news for shoppers, workers, farmers, and other suppliers, who can rest assured that this mega-merger will not go into effect during harvest season and while kids are headed back to school,” Weiser said in a statement issued after the ruling.

The two grocers also face a challenge from other states in Oregon in a trial set for Aug. 26. In late February,To ease concerns about reduced competition and higher prices for consumers, the companies earlier this month agreed to divest 579 stores and six distribution centers to C&S Wholesale Grocers.as well as a dairy plant, a distribution center and part of another distribution center located in the state.

Colorado weather: Wildfire smoke continues to choke the state, prompts hazardous air quality alerts through ThursdayStay overnight at one of Colorado's last remaining drive-insColorado 93 reopens near Arvada after fatal crash that killed 1, injured 1How to watch the 2024 Olympics: See the full TV scheduleJD Vance reminded of Taylor Swift’s power as a ‘childless cat lady’

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

FTC and State AGs Sue to Block Kroger-Albertsons 'Mega Merger'Jake Johnson is a senior editor and staff writer for Common Dreams.
Источник: commondreams - 🏆 530. / 51 Прочитайте больше »

All Alaska Carrs stores targeted for sale in Kroger-Albertsons merger planThe stores set to be sold include all 11 Carrs locations in Anchorage, Eagle River, Palmer and Wasilla.
Источник: AKpublicnews - 🏆 387. / 55 Прочитайте больше »

Kroger, Albertsons identify nearly 600 stores to be sold in merger: Full listKroger and Albertsons have identified 579 U.S. stores that they intend to offload from their combined grocery store count in an effort to merge.
Источник: KTVU - 🏆 465. / 53 Прочитайте больше »

Kroger, Albertsons identify nearly 600 locations they will sell to get merger approvedKroger and Albertsons, who are looking to merge, have identified the 579 locations across the country that they intend to offload from their combined grocery store count.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »