Washington State Sues to Block Kroger-Albertsons Merger
Attorney General alleges the $25 billion deal would limit competition and raise prices, while companies argue the merger would lower prices and increase choices for consumers.
- Washington state Attorney General Bob Ferguson has filed a lawsuit to block the proposed $25 billion merger between supermarket giants Kroger and Albertsons, alleging it would harm consumers and hike up prices.
- The lawsuit argues that the merger would severely limit grocery store options for Washington residents and eliminate vital competition between the two chains.
- Kroger and Albertsons have more than 300 locations in Washington and are responsible for more than half of the state’s grocery sales.
- The companies argue that the merger will result in lower prices and more choices for consumers, and help them compete more effectively against rivals like Walmart and Amazon.
- The merger, initially set to take place early 2024, has been delayed and is now expected to be finalized in the first half of Kroger's fiscal 2024.