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Big Law

Washington State Plans to File a Lawsuit to Block Kroger’s Deal for Albertsons

The Washington State attorney general is planning to file a lawsuit to block supermarket chain Kroger’s proposed $24.6-billion acquisition of smaller rival Albertsons, Bloomberg News reported on Thursday, citing a person familiar with the plan.

The lawsuit could come as soon as Thursday afternoon and is expected to be filed in state court, the report said.

“Any decision to attempt to enjoin the transaction now would be premature,” a Kroger spokesperson said, adding the company was engaged in “productive discussions” with the U.S. Federal Trade Commission (FTC) and state Attorneys General.

Read the source article at Yahoo Finance

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