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Mergers and acquisitions

Albertsons

Albertsons $4B dividend payment remains frozen

 By Russell Redman on Dec. 19, 2022

Washington Supreme Court extends temporary restraining order pending a decision on an appeal.

Retailers

Florida's Rowe's IGA sold to Massy Stores for $47M

 By Diane Adam on Dec. 15, 2022

Caribbean-based Massy Stores purchased the seven-unit independent grocer to expand its retail presence in the U.S., it said.

Albertsons

Judge nixes request for injunction on Albertsons’ $4B dividend

By Russell Redman on Dec. 09, 2022

The temporary restraining order on the grocer's planned special payment to shareholders was extended another 10 days.

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.

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