Ferguson says the payout would hinder Albertsons’ ability to compete in the market. This could hurt shoppers, as less competition means less incentive to put forth competitive prices.
KIRO 7 News StaffSEATTLE — State Attorney General Bob Ferguson is leading a new effort to block Albertsons from paying out billions to investors as it prepares for a merger with Kroger.to block a $4-billion payout to shareholders, called a dividend payment, ahead of the merger.
This would hurt shoppers, as less competition means less incentive to put forth competitive prices, according to Ferguson. According to Securities and Exchange Commission filings, this dividend exceeds Albertsons’ cash on hand.
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