06:10 PM EDT, 03/25/2024 (MT Newswires) -- Kroger's ( KR ) proposed acquisition of rival Albertsons ( ACI ) will be scrutinized first in an Aug. 12-22 preliminary injunction hearing in Colorado, before a hearing in a federal court in Portland, Bloomberg reported Monday.

The hearing by the Denver District Court will be conducted two weeks before an injunction hearing begins in Portland, the reports said.

The Federal Trade Commission, along with eight other states and Washington DC, has sued to block the acquisition.

Kroger ( KR ) and Albertsons ( ACI ) didn't immediately respond to Bloomberg.

Kroger ( KR ), Albertsons ( ACI ) and the FTC didn't reply immediately to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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