The merger is on hold until a trial challenging the action is over later this fall.
COLORADO, USA — The proposed merger of Kroger and Albertsons is on hold until a trial challenging the merger is held later this year.
In February, Colorado Attorney General Phil Weiser filed a lawsuit in Denver District Court to block the proposed Kroger-Albertsons merger.
Weiser said the merger would violate head-to-head competition between the two grocery chains, consolidating an already heavily concentrated market. The trial for the case is set to begin on Sept. 30 and Wesier’s office said the companies agreed to halt the merger until it’s done.
“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,” Weiser said in a statement.
“This is great news for shoppers, workers, farmers, and other suppliers, who can rest …