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© Reuters. FILE PHOTO: A customer leaves an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci/File Photo
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© Reuters. FILE PHOTO: A customer leaves an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Riverside, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci/File Photo
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By Mike Scarcella
OAKLAND (Reuters) – A state court in Washington on Thursday said it will extend a temporary block that has prevented Albertsons Companies Inc from paying a $4 billion dividend to its shareholders before the grocery chain closes its proposed deal with rival Kroger (NYSE:) Co.
Judge Ken Schubert of King County Superior Court set a hearing for Nov. 17 to further consider whether to prolong an existing order prohibiting the dividend payment. The judge said at a hearing on Thursday that he anticipated live testimony next week. A temporary restraining order was set to expire on Thursday.
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