Attorneys general say Albertsons should delay $4 billion dividend while Kroger merger under review

  • 📰 ChicagoBreaking
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Illinois Attorney General Kwame Raoul said the parent company of Chicago grocery chain Jewel-Osco should hold off on taking action while the deal is under review.

A bipartisan group of attorneys general is asking Albertsons to delay a $4 billion payout to its shareholders until they can complete a review of Kroger’s planned acquisition of the grocery chain.it was paying $20 billion to buy Albertsons, the parent company of Jewel-Osco. The deal is expected to close in early 2024, if it is approved by the Federal Trade Commission and the Department of Justice, and survives any court challenges.

“Should any regulatory challenge to the merger succeed, or should the parties abandon the transaction, Albertsons would have to continue to compete with other grocery stores, a goal that its decision to enrich its shareholders to the tune of $4 billion will have made significantly more difficult to accomplish,” the letter said.

The letter was signed by the Democratic attorneys general of Illinois, the District of Columbia, California and Washington and the Republican attorneys general of Arizona and Idaho. Albertsons is based in Boise, Idaho. In a statement, Albertsons said the merger announcement and special dividend mark the successful completion of a strategic review begun in February of the company’s future. The company had nearly $29 billion in assets at the end of September, including $3.4 billion in cash and cash equivalents.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 521. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว