Washington state sues to block Kroger-Albertsons merger, says deal would raise prices, limit options
ACIAlbertsons Companies(ACI) Fox Business·2024-01-18 01:20

Washington state Attorney General Bob Ferguson filed a lawsuit to block the proposed merger between Kroger and Albertsons because of the negative ramifications he says it would have for residents, such as fewer options and higher prices. In the suit, filed on Monday, Ferguson argued that the proposed $24.6 billion merger, announced in October 2022, "will likely substantially lessen supermarket competition or tend to create a monopoly in many Washington communities," where both companies currently compete. K ...