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