Albertsons Companies Issues Statement Regarding Washington Supreme Court’s Decision to Extend the Temporary Restraining Order Against its Previously Announced Special Dividend Payment
17 Dezember 2022 - 04:26AM
Business Wire
Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or
“the Company”) today announced that the State of Washington Supreme
Court has continued the temporary restraining order (“TRO”) against
the Company’s previously announced $6.85 per common share Special
Dividend (the “Special Dividend”) while the Washington Supreme
Court considers if it will hear the state’s appeal. The TRO will
remain in effect until there is a further order issued by the
Court.
Albertsons Cos. has filed a motion to expedite the Washington
Supreme Court’s review.
Albertsons Cos. continues to believe that the claim brought by
the Attorney General of the State of Washington, and the similar
lawsuit brought by the Attorneys General of California, Illinois,
and the District of Columbia, are meritless and provide no legal
basis for preventing the payment of a dividend that has been duly
and unanimously approved by Albertsons Cos.’ fully informed Board
of Directors.
Albertsons Cos.’ proposed merger with The Kroger Co. is
continuing through required regulatory review, including seeking
clearance under the Hart-Scott-Rodino Antitrust Improvements Act of
1976.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the federal securities laws. The “forward-looking
statements” include our current expectations, assumptions,
estimates and projections about the Special Dividend and the
payment thereof. They include statements which the Company believes
to be reasonable at this time. You can identify forward-looking
statements by the use of words such as “outlook,” “may,” “should,”
“could,” “estimates,” “predicts,” “potential,” “continue,”
“anticipates,” “believes,” “plans,” “expects,” “future” and
“intends” and similar expressions which are intended to identify
forward-looking statements.
These statements are not guarantees of future performance and
are subject to numerous risks and uncertainties which are beyond
our control and difficult to predict and could cause actual results
to differ materially from the results expressed or implied by the
statements.
All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by
these cautionary statements and risk factors. Forward-looking
statements contained in this press release reflect our view only as
of the date of this press release. We undertake no obligation,
other than as required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
In evaluating our forward-looking statements, you should
carefully consider the risks and uncertainties more fully described
in the “Risk Factors” section or other sections in our reports
filed with the SEC.
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