Colorado sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. in court Wednesday, becoming the second state to challenge the deal.
Attorney General Phil Weiser announced the lawsuit was filed in state court during a press conference, saying the acquisition would leave some Colorado communities with less access to groceries. A proposal to divest some stores to Piggly Wiggly chain owner C&S Wholesale Grocers Inc. wouldn’t be enough to replace the lost competition, Weiser said.
“We have very serious concerns about this merger,” Weiser told reporters. “We are convinced it would be bad for shoppers, workers, farmers” ...
