Albertsons Companies Issues Statement Regarding State of Washington Supreme Court’s Denial of Washington State Attorney General’s Motion for Review
18 Januar 2023 - 3:06AM
Business Wire
Company Proceeding with Payment of its Special
Dividend
Albertsons Companies, Inc. (NYSE: ACI) (“Albertsons Cos.” or
“the Company”) today announced that the State of Washington’s
Supreme Court has denied a motion by the Attorney General of the
State of Washington to hear an appeal from the trial court’s denial
of its request to enjoin the Company from paying its previously
announced $6.85 per common share Special Dividend (the “Special
Dividend”), originally scheduled to be paid November 7, 2022.
The temporary restraining order preventing the payment of the
Special Divided has been lifted as a result of the decision.
Albertsons Cos. will immediately begin the process of paying the
Special Dividend and amounts will be distributed as soon as
practicable to stockholders of record as of the close of business
on October 24, 2022.
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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