October 12, 2023 at 5:23 PM EDT

Updated on

October 12, 2023 at 6:38 PM EDT

California is preparing a lawsuit to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on concerns the deal could hurt consumers and workers, Attorney General Rob Bonta said Thursday.

“We are moving toward acting,” Bonta told reporters in Washington. “Right now, there’s not a lot of reason not to sue.”

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California Preparing Lawsuit to Block Albertsons-Kroger Deal