November 07, 2022
Albertsons has urged a D.C. federal judge not to block its planned $4 billion payment to shareholders, arguing the state attorneys general challenging the special dividend can't get past its financial strength or the fact that the payout is separate from Kroger's proposed $24.6 billion purchase of the company.
November 02, 2022
The attorneys general of Washington, D.C.; California; and Illinois sued Kroger and Albertsons on Wednesday, adding a federal court dimension and direct antitrust allegations to state enforcer efforts to block Albertsons' planned $4 billion merger-related shareholder payout out of concern it could cripple Albertsons as a competitive supermarket chain.