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The special dividend payout was a stipulation in the $24.6 billion merger between Albertsons and Kroger, in which Albertsons would pay $6.85 per share to shareholders.
The merger agreement included a special dividend that Albertsons would pay $4 billion to shareholders by Nov. 7. WA attorney general files lawsuit against Kroger, Albertsons to delay $4 billion ...
Washington's King County court has granted a nationwide temporary restraining order, blocking grocery chain Albertsons Companies Inc's $4 billion dividend payment, State Attorney General Bob ...
Albertsons Companies, Inc. [1] [2] is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, [3] [8] [6] the company is the second-largest supermarket chain in North America after Kroger.
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Several state attorneys general, among them California's Ron Bonta, have demanded that Albertsons delay paying a $4-billion dividend to investors until after the company's merger with competitor ...
Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
On September 9, 2013, United Supermarkets LLC was sold to Albertsons LLC. [6] On February 4, 2014, the FTC voted 4–0 to approve the deal. The acquisition deal cost Albertsons $385 million and required Albertsons to sell its single stores in the Amarillo and Wichita Falls, Texas, markets. [7]