The lawsuit alleges a proposed dividend would violate antitrust laws by leaving Albertsons unable to compete with other grocery companies.
Illinois Attorney General Kwame Raoul has sued grocery giants Kroger and Albertsons,Kroger, which owns Mariano’s, said in October that it planned to acquire Albertsons, which owns Jewel-Osco,Because of the scale of the merger and the high degree of overlap between Albertsons- and Kroger-owned stores in some areas of the country, including in Chicago, the deal stands to undergo heavy scrutiny from federal regulators.
A Jewel-Osco store is seen at the intersection of 61st Street and South Cottage Grove Avenue in Chicago on March 27, 2019. In a statement Wednesday, Albertsons said the filing was “meritless” and that the payout was not contingent on the company’s merger with Kroger. “We remain committed to working cooperatively with the FTC , state attorneys general, and all other interested parties as we work to complete the transaction and unlock the many benefits it offers,” Kroger said.In an Oct. 25 letter to the FTC opposing the merger, Sen. Elizabeth Warren and Sen. Bernie Sanders, along with Illinois Rep. Jan Schakowsky of the state’s 9th District, also raised concerns about the dividend.
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