AG Ferguson seeks to block Albertsons’ payout to shareholders ahead of merger

  • 📰 KIRO7Seattle
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Ferguson says the payout would hinder Albertsons’ ability to compete in the market. This could hurt shoppers, as less competition means less incentive to put forth competitive prices.

KIRO 7 News StaffSEATTLE — State Attorney General Bob Ferguson is leading a new effort to block Albertsons from paying out billions to investors as it prepares for a merger with Kroger.to block a $4-billion payout to shareholders, called a dividend payment, ahead of the merger.

This would hurt shoppers, as less competition means less incentive to put forth competitive prices, according to Ferguson. According to Securities and Exchange Commission filings, this dividend exceeds Albertsons’ cash on hand.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Crooked Bob worried about his Amazon Kickbacks. What about our $30.00 license tabs ? Crook AGOWA

Oddly enough, no one cares what Sideshow Bob frets about, since he has no say. agowa

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 271. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Washington leaders slam proposed Albertsons, Kroger mergerWashington leaders are concerned by the proposed Albertsons-Kroger merger, saying it violates antitrust laws and could spell doom for shoppers and workers across the state. FOX13 'Spell doom' lol dramatize much? 'leaders' 'Washington leaders' caused this with mandates regulations and taxes.
Fonte: fox13seattle - 🏆 328. / 59 Consulte Mais informação »

Kroger-Albertsons merger be good for Bashas' - Phoenix Business JournalBashas’ was acquired last year by Raley’s, a family-owned grocery chain based out of Sacramento. The deal was meant to grow both companies – giving both brands more buying power and the ability to compete better with larger companies. Trey Basha, the president of the grocery chain, talks about what has happened since the acquisition.
Fonte: phxbizjournal - 🏆 254. / 63 Consulte Mais informação »

Kroger-Albertsons Merger Could Hurt CustomersAs customers struggle to keep up with soaring food costs, the massive supermarket merger threatens to do even more damage.
Fonte: EatThisNotThat - 🏆 294. / 63 Consulte Mais informação »

Kroger-Albertsons Merger Draws Questions from Politicians, WorkersA combination of the two biggest supermarket operators in the U.S. is prompting elected officials to question how the deal could affect jobs, prices and competition. ORDOJ this merger would be especially bad for Oregon residents $KR If unions and elected officials are pushing back on this deal, it must be a good thing.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Judge stops merger of Penguin Random House, Simon & SchusterA judge blocked the $2.2 billion merger of top publishers Penguin Random House and rival Simon & Schuster, agreeing with the argument laid out by the Justice Department. 👀
Fonte: FoxBusiness - 🏆 458. / 53 Consulte Mais informação »