Skip to content
Business

Albertsons Wins Ruling in DC on $4 Billion Dividend Payout

  • Dividend payment still blocked by judge in Washington state
  • DC judge rejects restraining order request from DC, two states
An Albertsons supermarket in Las Vegas, Nevada. 

An Albertsons supermarket in Las Vegas, Nevada. 

Photographer: Bridget Bennett/Bloomberg
Updated on

Albertsons Cos. won a ruling in Washington DC that would allow it to pay a $4 billion dividend, announced when the grocery chain agreed to merge with rival Kroger Co., although a Washington state judge’s order blocking the payout remains in force.

US District Judge Carl Nichols on Tuesday denied a request for a temporary restraining order from attorneys general for Washington DC, California and Illinois who sued to halt the dividend until an antitrust review of the proposed merger is completed.