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: , , |
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