The Washington state Supreme Court has brushed aside the final legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders ahead of a proposed merger with KrThe 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.
In a two-page ruling, the court rejected reviewing the case or extending a temporary restraining order blocking the dividend. 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.
Article doesn’t mention that the owner and recipient of the $4 bil is private equity firm Cerberus…
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