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According to the lawsuit, the merger would eliminate head-to-head competition between Kroger and Albertsons and consolidate an already heavily concentrated market
Colorado’s attorney general has filed a lawsuit to block Kroger's proposed $25 billion acquisition of Albertsons, saying consumers would be hurt.
Colorado Attorney General Phil Weiser filed a lawsuit on, Wednesday, February 14 to stop the $24.6 billion merger between The Kroger Co. (KR) and Albertsons Companies, Inc.
The attorney general of Colorado filed a lawsuit after a yearlong investigation to block Kroger's $24.6 billion sale to Albertsons, the parent company of Jewel-Osco.
AG Phil Weiser is concerned about undue consolidation and harmful impacts on consumers, workers and suppliers