Open in App
  • U.S.
  • Election
  • Newsletter
  • CBS Denver

    Ruling pauses plans for grocery merger due to Colorado's legal challenge

    By Jesse Sarles,

    4 hours ago

    https://img.particlenews.com/image.php?url=1BWS4D_0ud6Ihpm00

    Judge's ruling pauses plans for grocery merger due to Colorado's legal challenge 01:07

    The Colorado Attorney General's office is applauding a ruling that puts the plans for a proposed merger between two of the country's largest grocery store chains temporarily on hold.

    The proposed merger's pause will be in effect until a ruling is made on the State of Colorado's lawsuit which was filed with the intention of permanently blocking a merger between Kroger and Albertsons. King Soopers and City Market stores in Colorado are operated by Kroger and Albertsons is the parent company of Safeway stores across Colorado.

    At a Thursday morning hearing, Judge Andrew J. Luxen issued an order temporarily blocking the proposed $25 billion merger.

    In a statement, Colorado Attorney General Phil Weiser said "This is great news for shoppers, workers, farmers, and other suppliers, who can rest assured that this mega-merger will not go into effect during harvest season and while kids are headed back to school."

    The Colorado case is scheduled to go to trial this fall.

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0