Ruling pauses plans for merger of Kroger and Albertsons due to Colorado's legal challenge
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.