Washington state court OK’s Albertsons’ merger $4B dividend

Ferguson had argued that the payment could financially weaken Albertsons and lead to shuttering locations of Albertsons and of Safeway, which Albertsons owns.

Albertsons, which is based in Boise, Idaho, wants to pay the dividend to shareholders ahead of its proposed $25 billion merger with Kroger, which owns QFC and Fred Meyer. Ferguson’s case was the final obstacle to the dividend after a federal judge in Washington, D.C., rejected similar efforts by California, Illinois and the District of Columbia.

Albertsons will immediately begin the process of paying the dividend to stockholders, the company said in a statement Thursday afternoon.

Yet America gets mad about Ticketmaster and livenations monopoly.....

I'll start shopping at smaller stores. My hope is that many others tired of price fixing will do the same.

This is the Repubifucks economy supporting price gouging, monopolistic, kristofacscist aMeRiKKKa. EndTheColonialistEconomiesNow

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