Jewel-Osco parent Albertsons cleared to pay $4 billion shareholder dividend ahead of proposed merger with Kroger

An Albertsons grocery store is seen in Boise, Idaho, on Oct. 14, 2022.

In a two-page ruling, the court rejected reviewing the case or extending a temporary restraining order blocking the dividend.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.

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Washington state court OKs Albertsons' $4 billion dividend ahead of mergerThe Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders...
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Court allows Albertsons dividend payment ahead of potential mergerThe Washington Supreme Court has cleared the way for grocery store chain Albertsons to pay a $4 billion dividend ahead of a potential merger with Kroger.
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Washington state supreme court court OK's Albertsons' merger $4B dividendThe Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders ahead of a proposed merger with grocery rival Kroger. Leron518 Article doesn’t mention that the owner and recipient of the $4 bil is private equity firm Cerberus…
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Washington state court OK’s Albertsons’ merger $4B dividendThe Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders ahead of a proposed merger with rival Kroger. FOX13 Gee, agowa, feel like a total moron yet? Gonna take another victory lap? Do us a favor and resign. One more reason that I will continue shopping exclusively at Winco and Grocery Outlet.
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Washington state court OK's Albertsons' merger $4B dividendFerguson had argued that the payment could financially weaken Albertsons and lead to shuttering locations of Albertsons and of Safeway, which Albertsons owns. Maybe after this failure Bob will focus on reducing crime which he seems to ignore Ferguson likes despair. Guess that's what happens when you speculate on what 'may' happen vs. what 'did' happen...our AG seems to do that a lot.
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