New York CNN —Washington state is suing to block the proposed $25 billion merger between supermarket chains Kroger and Albertsons, warning that if approved it could raise prices and harm consumers.
In a suit filed Monday by the state’s Attorney General Bob Ferguson, his reasons for opposing the merger are because it would “severely limit” grocery store options for Washington residents and “eliminate vital competition” among the brands.
“This merger is bad for Washington shoppers and workers,” Ferguson said.
Kroger announced it was buying Albertsons in 2022 with the transaction expecting to close later this year, depending on regulatory approval.
The companies say they will reach 85 million households.
Persons:
Bob Ferguson, ” Ferguson, “, Kroger, ”, ” Kroger
Organizations:
New, New York CNN, Albertsons, Washington, “, Kroger
Locations:
New York, Washington