California, states to appeal bid to stop billion payout to Albertsons shareholders

[1/2] An Albertsons grocery store is seen, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Glendora, C...

December 14, 2022
12:46 AM

[1/2] An Albertsons grocery store is seen, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Glendora, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci/File PhotoWASHINGTON, Dec 13 (Reuters) - The attorneys general of California, Illinois and Washington D.C., on Tuesday said they would appeal a federal court's refusal to temporarily prevent Albertsons Companies Inc (ACI.N), which is being purchased by rival Kroger Co , from paying a $4 billion dividend to shareholders.

Reuters