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Big Law

California AG Says He May Sue to Stop Kroger From Purchasing Albertsons

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.”

Bonta cited as concerns the prospect of higher prices for consumers, lower payments to California farmers, the potential for creating food deserts and possible adverse impacts on workers.

Read the source article at Yahoo Finance

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