Court halts Albertsons’ $4B dividend payment under Kroger merger deal

By Russell Redman Source: Supermarket News After lawsuits filed by three state and the District of Columbia attorneys general, a county court in Washington state has paused Albertsons Cos.’ planned $4 billion dividend payment in connection with its proposed acquisition by The Kroger Co. A King County Superior Court commissioner [...]

2022-11-07T16:02:07+00:00November 7th, 2022|Tags: , , , |

UFCW Union Pension Trustees Demand Albertsons Delay $4B Dividend Pending Fulfillment of Pension Obligations

Source: Street Insider Pension Trustees representing United Food and Commercial Workers (UFCW) Locals 5, 8, 480 and 648 in Northern California and Hawaii demand Albertsons delay an anticipated $4 billion dividend to shareholders. The UFCW Trustees seek this delay until such time as all pension obligations are assessed and fulfilled. [...]

2022-11-04T16:13:37+00:00November 4th, 2022|Tags: , , , |

Albertsons $4 Billion Dividend Temporarily Barred by Judge

By Malathi Nayak and Brendan Case Source: Bloomberg Albertsons Cos. was ordered by a Washington state judge to temporarily halt a $4 billion special dividend while the grocery chain’s pending merger with Kroger Co. is under regulatory review. The ruling Thursday suspends Albertsons’ plan to reward shareholders including Cerberus Capital [...]

2022-11-04T16:07:59+00:00November 4th, 2022|Tags: , , |

What the Kroger and Albertson’s Grocery Merger Could Mean for Your Wallet

By Jaime Stathis Source: Reader's Digest In a $24.6 billion deal, Kroger is acquiring Albertsons to create a supermarket powerhouse that will rival Walmart. Together, Kroger and Albertsons employ 700,000 people in 5,000 stores serving 85 million households, and have a combined annual revenue of $210 billion, only $10 billion [...]

2022-10-27T15:26:12+00:00October 27th, 2022|Tags: , , |

How does the Kroger-Albertsons merger impact the c-store industry?

By Brett Dworski Source: C-Store Dive Kroger sent shock waves through the grocery and retail industries when it agreed to acquire rival Albertsons for over $24 billion earlier this month. If approved, the merger would create a supermarket chain of immense size and scale that can compete with the non-grocery competitors [...]

2022-10-24T14:55:56+00:00October 24th, 2022|Tags: , , , , |

U.S. lawmakers set hearing on Kroger grocery mega merger

Source: CNBC U.S. senators who scrutinize antitrust issues expressed “serious concerns” about grocery company Kroger’s plan to buy rival Albertsons, and said they would hold a hearing next month on the $25 billion deal. The announcement by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee antitrust panel, and [...]

2022-10-20T17:44:33+00:00October 20th, 2022|Tags: , , , |
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