California AG Says State May Sue to Block $25 Billion Albertsons Acquisition ...Middle East

An Albertsons grocery store. REUTERS/Aude Guerrucci California Attorney General Rob Bonta said on Thursday that his office was concerned about Kroger’s proposed deal to buy rival Albertsons for $24.5 billion, and may sue to stop it. Bonta said the decision has not been made, but added: “Right now there’s not a lot of reason not to sue.” He cited concerns ranging from the prospect of higher prices for consumers and lower payments to California farmers to the potential for creating food deserts and possible adverse impacts on workers. The deal, announced in October 2022, would create a grocery chain with nearly 5,000 stores. In September, the companies announced a plan to sell mor

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California AG Says State May Sue to Block $25 Billion Albertsons Acquisition ...Middle East

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