By Bernadette Berdychowski
Source: Colorado Springs Gazette
The third trial over the proposed $25 billion merger of Kroger and Albertsons began Monday in Colorado, with the state seeking to portray the deal as enabling the grocers to raise prices and the grocers countering that it would do the opposite.
The state plans to demonstrate how Kroger would become a monopoly in parts of Colorado, while the company seeks to show that not allowing the merger would only preserve the status quo of higher prices.
Attorneys for the state and the grocers presented their opening arguments to Denver District Court Judge Andrew Luxen, who will consider whether the merger violates the state’s antitrust laws. Luxen issued a preliminary injunction to halt the merger while the case plays out in court. The judge is set to rule on whether or not to make it permanent.
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