Albertsons Companies Issues Statement Regarding the Further Delay of the Washington State Court’s Hearing on its Special Dividend Payment
Albertsons Companies, Inc. Class A (ACI)
US:NYSE Investor Relations:
investor.archcoal.com
Company Research
Source: Business Wire
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) (“Albertsons Cos.” or “the Company”) today announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order (“TRO”) granted to the State of Washington until December 9, 2022.As a result of this postponement, the TRO granted by the Washington State Court on November 3, 2022, remains in effect and restrains the Company from paying the previously announced $6.85 per share Special Dividend (the “Special Dividend”) to stockholders of record as of the close of business on October 24.Albertsons Cos. continues to believe that the claim brought by the State of Washington is meritless and provides no legal basis for canceling or postponing a dividend that has been duly and unanimously approved by Albertsons Cos.’ fully informed Board of Directors.Forward-Looking StatementsThis press release includes “forward-looking statements” within the meaning of the federal securities
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News
- 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
- Albertsons Companies, Inc. (NYSE: ACI) had its price target lowered by analysts at Royal Bank of Canada from $23.00 to $22.00. They now have an "outperform" rating on the stock.MarketBeat
- Albertsons Companies (ACI) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results [Yahoo! Finance]Yahoo! Finance
ACI
Earnings
- 4/22/24 - Beat
ACI
Sec Filings
- 4/22/24 - Form 8-K
- 4/22/24 - Form 10-K
- 4/22/24 - Form 8-K
- ACI's page on the SEC website