Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment
2022.12.10 07:35
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© Reuters. FILE PHOTO: The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Rancho Cucamonga, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci
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(Reuters) – Albertsons Companies Inc said late on Friday that Washington State Court has denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying a dividend to its shareholders.
The attorneys general of California, Illinois and Washington D.C. asked a federal court last week for a preliminary injunction that would prevent Albertsons, which is being purchased by rival Kroger (NYSE:) Co, from paying a $4 billion dividend to shareholders.
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