By the numbers: Colorado’s antitrust trial to block the Kroger-Albertsons merger
The Kroger-Alberstons merger trial is scheduled to end Thursday. Here are some numbers we’ve learned that could impact Colorado.
(Handout from Albertsons Companies Inc.)
After three weeks of testimony in Denver District Court, a megamerger trial in Colorado is nearing its conclusion. There’s been a lot to take in during the sometimes 10-hour days and attorneys from the Colorado Attorney General’s Office, Kroger and Albertsons are scheduled to wrap up Thursday.
But if you’re just tuning in, here are some numbers and notes we’ve learned that could impact Colorado:
$24.6 billion
Amount The Kroger Co. pays Albertsons Companies Inc. shareholders1 on close of the merger (that’s $34.10 per share)
105
Albertsons owns 103 Safeways and 2 Albertsons. In Colorado, Kroger owns 150 stores: 118 King Soopers and 32 City Market stores.
Kroger would keep all of its stores in Colorado and 14 Safeways in the state. C&S Wholesale Grocer would buy the remaining 91 Albertsons-owned stores in Colorado.
Read more from Tamara Chuang at ColoradoSun.com.
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