Colorado Attorney General Phil Weiser: Kroger-Albertsons Merger Would Harm Consumers

By CBS Denver Staff:

Colorado Attorney General Phil Weiser says the King Soopers-Safeway merger would harm consumers in the state. In a statement released Thursday, Weiser urged the courts to block the planned $4 billion cash out in the proposed merger between Kroger and Albertsons.

"If the special dividend is allowed to be paid out to investors, it would lessen Albertsons' ability to compete not only during the pendency of the merger review, but also in the event that the merger is blocked and Albertsons has to continue on its own," said Weiser in a statement.

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