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

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…

Leron518

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: dcexaminer - 🏆 6. / 94 Read more »