Albertsons $4 bln dividend payment stays on hold as Washington court delays hearing [Reuters]
Albertsons Companies, Inc. Class A (ACI)
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Source: Reuters
Nov 16 (Reuters) - Albertsons Companies Inc (ACI.N) said on Wednesday its $4 billion dividend payment to shareholders will continue to remain on hold as a Washington state court postponed a scheduled case hearing to Dec. 9. A state court in Washington had temporarily blocked Albertsons from paying a special dividend before the grocery chain closes its proposed deal with rival Kroger Co (KR.N) Last week , the court had extended the payment block and set a hearing for Nov. 17 to further consider whether to prolong an existing order of prohibition. Albertsons, which had been scheduled to pay the special dividend on Nov. 7, was also sued by the attorneys general of the District of Columbia, California and Illinois, who argued such a payment would weaken the company's ability to compete as the antitrust reviews proceed. Kroger said in October it was buying Albertsons in a $25 billion deal that would merge the No. 1 and 2 standalone grocers. Reporting by Granth Vanaik in Benga
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ACI
News
- Albertsons Reduces Food Waste by Thinking About What Happens at Home: 'That's Where the Power of the Opportunity Is' [Yahoo! Finance]Yahoo! Finance
- Albertsons Companies, Inc. (NYSE: ACI) was upgraded by analysts at Roth Capital from a "neutral" rating to a "buy" rating.MarketBeat
- Albertsons (ACI) Q4 Earnings In Line, Sales Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Albertsons Companies, Inc. (NYSE: ACI) had its "market perform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $27.25 price target on the stock.MarketBeat
- Albertsons Companies, Inc. (NYSE: ACI) was upgraded by analysts at Roth Mkm from a "neutral" rating to a "buy" rating. They now have a $24.00 price target on the stock.MarketBeat
ACI
Earnings
- 4/22/24 - Beat
ACI
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- ACI's page on the SEC website