Big Law
Attorneys General Push for Delay of Albertson’s $4 Billion Dividend
A bipartisan group of attorneys general is asking Albertsons to delay a $4 billion payout to its shareholders until they can complete a review of Kroger’s planned acquisition of the grocery chain.
Kroger earlier this month announced it was paying $20 billion to buy Albertsons. The deal is expected to close in early 2024, if it is approved by the Federal Trade Commission and the Department of Justice, and survives any court challenges.
The merger agreement included a special dividend of up to $4 billion __ or $6.85 per share __ that Albertsons is scheduled to pay its shareholders on Nov. 7.
