Washington court paves way for Albertsons’ $4 billion dividend, declining to review case By Reuters


© Reuters. FILE PHOTO: The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Rancho Cucamonga, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci

(Reuters) – Washington state’s highest court on Tuesday cleared the way for Albertsons Companies Inc to make a disputed $4 billion dividend ahead of the grocer’s proposed deal with rival Kroger (NYSE:) Co, as the justices declined to take up a claim that the payout would harm industry competition.

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