Albertsons Companies Provides Update on Legal Proceedings in State of Washington Surrounding Special Dividend
02 Januar 2023 - 2:00PM
Business Wire
Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or
“the Company”) announced that the State of Washington Supreme Court
has granted the Company’s motion to hold an expedited review of the
temporary restraining order (“TRO”) against the Company’s
previously announced $6.85 per common share Special Dividend (the
“Special Dividend”). The date for the review has been moved forward
to January 17, 2023, having previously been set for February 9,
2023.
Albertsons Cos. continues to maintain 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 the Special Dividend.
Albertsons’ position has been supported by favorable rulings in
both Circuit and District courts in the District of Columbia and a
Washington State court.
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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