Colorado attorneys who sued to prevent the state’s top grocers from merging estimate mountain town residents pay 10% more for groceries than Coloradans living in urban areas.
The state is suing over Kroger's proposed $24.6 billion purchase of Albertsons, which would consolidate about two-thirds of the state’s supermarkets under a single owner.
Kroger argued its merger with Albertsons would lead to immediately lower prices for consumers, but the Federal Trade Commission said the supermarket merger would kill competition and harm the workforce.
Grocery workers who fear the impacts of a proposed $24.6 billion merger between the nation’s two largest supermarket chains aren’t swayed by the companies’ announcement this week of the 91 stores across Colorado that would be sold as part of the deal.
Colorado Treasurer Dave Young on Wednesday became the latest elected official in the state to formally oppose the proposed $24.6 billion merger between supermarket giants Kroger and Albertsons.