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Mergers and acquisitions

Kroger

FTC issues 2nd request to Kroger on planned Albertsons acquisition

 By Russell Redman on Dec. 06, 2022

With the move, the agency is pursuing a more in-depth investigation of the supermarket mega-merger.

Retailers

Albertsons’ planned $4B special dividend spotlighted by senate panel

 By Russell Redman on Nov. 30, 2022

CEO Vivek Sankaran said the payment would return cash to longtime shareholders and isn’t part of the Kroger merger.

Retailers

McMullen, Sankaran defend Kroger-Albertsons merger deal at Senate hearing

By Russell Redman on Nov. 29, 2022

Lawmakers express concerns about reduced grocery competition and the $24.6 billion transaction’s potential impact on shoppers and workers.

Retailers

Kroger-Albertsons merger faces more scrutiny from Congress

By Russell Redman on Nov. 28, 2022

A Senate hearing will be held Tuesday to examine competitive implications of blockbuster proposed grocery deal.

Albertsons

Albertsons' special dividend gets held up again

By Russell Redman on Nov. 18, 2022

The $4 billion payment related to the merger with Kroger will remain suspended at least until next month.

Retailers

Southeastern Grocers reportedly mulling sale

By Russell Redman on Nov. 17, 2022

The regional supermarket operator and Winn-Dixie parent scrapped its IPO plans last year.

Albertsons

Washington court keeps Albertsons’ $4B payout on ice

By Heather Lalley on Nov. 10, 2022

The special dividend payout, which has been subject to legal wrangling while the grocer’s $24.6 billion merger plans with Kroger are reviewed, will be on hold at least until Nov. 17 when the next hearing will be held.

Albertsons

Albertsons’ $4B dividend payout temporarily blocked by court

By Heather Lalley on Nov. 03, 2022

The grocer must put the brakes on its special dividend payout to shareholders while its $24.6 billion merger plans with Kroger are under review, a judge in Washington ruled late Thursday.

Albertsons

Washington sues Albertsons to block its $4B shareholder payout

By Heather Lalley on Nov. 02, 2022

The state’s attorney general said giving out the special dividend would “weaken Albertsons’ ability to continue business operations and compete” amid a proposed $24.6 billion merger with Kroger. Albertsons called the suit "meritless."

Albertsons

AGs in several states sue Albertsons to block its $4B shareholder payout

By Heather Lalley on Nov. 02, 2022

One day after Washington’s attorney general sued the grocer, more states have joined in taking legal action against the retailer, saying the payout would leave it unable to compete with Kroger. The two grocers announced merger plans last month.

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