Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment By Reuters

Home » Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment By Reuters
Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment By Reuters


2/2
© 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

2/2

(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.


Source: Investing.com