By Jeff Anastasio
Source: ABC 7 Denver
Kroger’s $20 billion attempt to merge with Albertsons Companies Inc., hit a snag in Colorado on Wednesday as Attorney General Phil Weiser announced a lawsuit to block the supermarket chains from combining.
Weiser said the merger of the parent companies of King Soopers/City Market and Safeway would kill competition and hurt consumers.
“Coloradans are concerned about undue consolidation and its harmful impacts on consumers, workers, and suppliers,” said Weiser in a news release. “After 19 town halls across the state, I am convinced that Coloradans think this merger between the two supermarket chains would lead to stores closing, higher prices, fewer jobs, worse customer service, and less resilient supply chains.”