A Colorado court has scheduled a preliminary injunction hearing for August 12 regarding Kroger's proposed $25 billion acquisition of Albertsons, positioning the state's legal action ahead of a federal antitrust challenge by the FTC. This development follows concerns raised by antitrust authorities and some market observers about the potential reduction in competition and its effects on prices and employment in the supermarket sector. The FTC, alongside other critics, argues that the merger could harm consumers by reducing the number of traditional supermarkets available. The case, involving stocks $KR and $ACI, has garnered significant attention.
Denver District Court Judge Andrew Luxen ordered an Aug. 12 hearing for Colorado’s bid to block Kroger’s $25 billion purchase of Albertsons. The order puts Colorado’s bid two weeks ahead of FTC’s challenge to the merger https://t.co/FVwv5BObpr https://t.co/dzHfaupnFy
FTC must go after this big burger monopoly Consumers are getting harmed by not being able to buy doughnuts at Burger King locations https://t.co/gqdhrVb9NZ
Antitrust authorities say Kroger’s planned Albertsons takeover will leave fewer traditional supermarkets to compete for Americans’ grocery dollars https://t.co/b86lJD1Hv8