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January 19, 2023

State court OKs grocer's $4B dividend

  • Albertsons wants to pay shareholders ahead of its $25B merger with Kroger.

    • SEATTLE (AP) — The Washington state Supreme Court has brushed aside the final remaining legal hurdle in the way of a $4 billion dividend by Albertsons to its shareholders ahead of a proposed merger with rival Kroger.

    The state's highest court on Tuesday declined to review a case against the dividend brought by state Attorney General Bob Ferguson, The Seattle Times reported.


     
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