UPDATE 1-Washington court paves way for Albertsons' bln dividend, declines to review case
(Adds background, and no response to request for comment) By Mike Scarcella Jan 17 (Reuters) - Washington state's highest court on Tuesday cleared ...
January 18, 2023
7:10 AM
(Adds background, and no response to request for comment) By Mike Scarcella Jan 17 (Reuters) - Washington state's highest court on Tuesday cleared the way for Albertsons Companies Inc to pay a $4 billion dividend ahead of the grocer's proposed deal with rival Kroger Co, as the justices declined to take up a claim that the payout would harm industry competition. The Washington Supreme Court made the decision after a lower court judge refused last month to issue a preliminary injunction against the dividend.
Mike Scarcella