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Albertsons Provides Legal Proceedings Update

Specialty Food Association

Albertsons announced Wednesday that on December 19, the State of Washington Supreme Court set February 9, 2023 as the date for the review of the temporary restraining order against the company’s previously announced $6.85 per common share special dividend.

The TRO will remain in effect until the court issues another order, and Albertsons has filed a motion to further expedite the review.

Albertsons maintains 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, provide no legal basis for preventing the payment of the special dividend.

Related: Temporary Restraining Order Against Albertsons' Payment Extended; Kroger, Albertsons Merger Signals Layoff Fears