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Washington state supreme court court OK's Albertsons' merger $4B dividend

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Washington state Supreme Court cleared final legal hurdle in the way of a $4 billion dividend by Albertsons ahead of a proposed merger with Kroger.

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.

 

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Article doesn’t mention that the owner and recipient of the $4 bil is private equity firm Cerberus…

Leron518

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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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