Washington court keeps Albertsons’ $4B payout on ice
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’ $4B dividend payout temporarily blocked by court
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.