Washington state sues to block proposed merger of Kroger and Albertsons grocery chains

Washington state sues to halt $25B Kroger-Albertsons merger, claiming it will raise prices

Washington state claimed in a lawsuit filed Monday that a merger between two of America's largest grocery chains would harm customers and raise prices.

Washington state sues to block proposed Kroger-Albertsons merger

Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains.

Kroger-Albertsons $25B Merger Plan Hits A Snag, Anticipates Completion In First Half Of 2024 - Albertsons Companies (NYSE:ACI), Kroger (NYSE:KR)

Kroger (NYSE:KR) and Albertsons Companies (NYSE:ACI) said their proposed merger will be completed in the first half of Kroger’s fiscal 2024. The transaction, first announced in October 2022, was earlier expected to close in early 2024.  Per the deal, Kroger will acquire Albertsons for $34.10 per share, implying a total enterprise value of approximately $24.6 billion. Kroger’s fiscal second quarter ends on August 17, 2024. Kroger’s acquisition of…

Washington state sues Kroger, Albertsons over proposed merger

A proposed $25 billion merger between the two largest supermarket chains in the U.S. is now facing some opposition. On Monday, Jan. 15, Washington state Attorney General Bob Ferguson sued Kroger and Albertsons, attempting to block the merger. Ferguson argued that the deal would leave shoppers with fewer choices and lead to higher prices. "This merger is bad for Washington shoppers and workers,” Ferguson said on Monday, Jan. 15. “Shoppers wi…

Washington state sues to block proposed merger of Kroger and Albertsons grocery chains

SEATTLE (AP) — Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation's largest grocery chains. In the suit filed in King County Superior Court, Ferguson argued that the $25-billion deal would harm consumers and raise prices, The Seattle Times reported. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales…

Washington state sues to stop $25 billion merger of Kroger and Albertsons grocery chains, claiming it will lead to higher prices

Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit.