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

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The Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of Albertsons' $4 billion dividend to its shareholders ahead of a proposed merger with rival 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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