© Reuters. FILE PHOTO: The Albertsons emblem is seen on an Albertsons grocery retailer, as Kroger agrees to purchase rival Albertsons in a deal to mix the 2 grocery store chains, in Rancho Cucamonga, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci
(Reuters) – Albertsons Corporations Inc stated late on Friday that Washington State Court docket has denied a request of preliminary injunction by the state’s Legal professional Common to stop the corporate from paying a dividend to its shareholders.
The attorneys common of California, Illinois and Washington D.C. requested a federal court docket final week for a preliminary injunction that may forestall Albertsons, which is being bought by rival Kroger (NYSE:) Co, from paying a $4 billion dividend to shareholders.