Kroger and Albertsons Merger Temporarily Halted by Colorado Judge
Legal and regulatory challenges prompt supermarket giants to delay $25 billion deal pending court rulings.
- Colorado Attorney General Phil Weiser filed a lawsuit to block the merger, citing antitrust concerns.
- Judge Andrew J. Luxen issued a preliminary injunction, halting the merger until a trial on September 30.
- The Federal Trade Commission also filed a lawsuit, with a hearing set for August 26 in Oregon.
- Kroger and Albertsons proposed selling 579 stores to address antitrust issues, but regulators remain skeptical.
- The companies argue the merger would help them compete against larger, non-unionized rivals like Walmart and Amazon.