By Don Day Source: Boise Dev Albertsons Companies, in connection with its merger with Kroger, hoped to hand out a $4 billion dividend payment to shareholders last month. But it won’t be happening soon. The Washington State Superior Court decided to extend a temporary restraining order against the payment indefinitely. [...]
By Moe Tkacik Source: Slate Earlier this week, four state attorneys general filed two separate lawsuits seeking to stop a clique of private equity firms from swiping $4 billion from the massive supermarket chain they own. It was a frankly shocking turn of events, given that, as anyone who has [...]
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 [...]
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. [...]
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 [...]