A shopper exits a King Soopers grocery store on Wednesday, Feb. 14, 2024, in Capitol Hill in Denver. Colorado Attorney Attorneys for the state and for the Kroger and Albertsons supermarket chains wrapped up a trial Thursday over the companies’ proposed $24.6 billion merger by disparaging each other’s expert witnesses and accusing the other of pushing an agenda that will harm Colorado shoppers and workers.
But attorneys for the state argued that the merger, which would be the largest supermarket consolidation in U.S. history, warned of store closures, job losses and higher prices if the merger goes through. Kroger, which operates King Soopers and City Market stores in Colorado, and Albertsons Cos., which owns Safeway, compete head-to-head and together account for at least 50% of all the grocery sales in Colorado, according to the attorney general’s office.
During closing arguments, attorney Wolf disputed Davidson’s findings and accused him of lying about his academic credentials and having a conflict of interest because of his business connections. He also assailed an analysis by another state witness, Nitin Dua, whose testimony played down Costco, Amazon and other national chains as serious competitors to Kroger and Albertsons.
A decision is pending in a trial in Oregon in which the Federal Trade Commission sued to block the merger until it can resolve its administrative complaint against Kroger and Albertsons. The attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming joined the lawsuit.Keeler: CU Buffs’ Travis Hunter is an NFL wideout playing cornerback, scouts say.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: DenverChannel - 🏆 239. / 63 Läs mer »
Källa: DenverChannel - 🏆 239. / 63 Läs mer »
Källa: DenverChannel - 🏆 239. / 63 Läs mer »
Källa: denverpost - 🏆 13. / 72 Läs mer »
Källa: denverpost - 🏆 13. / 72 Läs mer »