Grocery

Albertsons: D.C. Circuit Refuses To Pause Special Dividend

Albertsons: D.C. Circuit Refuses To Pause Special Dividend

A Washington, D.C. Circuit court panel sided with Albertsons on Tuesday refusing to impose an emergency pause on the grocery chain’s planned $4 billion shareholder dividend filed in the court a month and a half ago.

Watch: Kroger and Albertsons CEOs Take The Stand In Senate Hearing

Watch: Kroger and Albertsons CEOs Take The Stand In Senate Hearing

Grocery market competition, price reduction strategies for consumers, a sustainable plan for necessary divestments and the potential impact on the companies’ combined workforce were key points of contention as the CEOs of Kroger and Albertsons Companies each appeared before the Senate Judiciary Antitrust Committee last week to face tough questions about their companies’ proposed $24.6 billion merger.

Kroger/Albertsons: CEOs Face Merger Opposition In Senate

Kroger/Albertsons: CEOs Face Merger Opposition In Senate

The CEOs of Kroger and Albertsons Companies, Rodney McMullen and Vivek Sankaran, respectively, faced intense criticism from the Senate Judiciary Antitrust Subcommittee during a hearing Tuesday regarding their plans to execute commitments outlined in the proposed merger agreement.

District of Columbia, Washington AGs Sue to Stop Albertsons Payout

District of Columbia, Washington AGs Sue to Stop Albertsons Payout

Attorneys general from Washington state and the District of Columbia are seeking to temporarily block a $4 billion payout to Albertsons’ shareholders on November 7, filing lawsuits this week to put a hold on the cash dividend at least until the grocery giant’s proposed merger with Kroger can be reviewed by federal regulators.