dividend
confidence high
sentiment positive
materiality 0.75
Albertsons declares $6.85 special dividend; major stockholders enter lock-up agreements in connection with Kroger merger
Albertsons Companies, Inc.
- Special cash dividend of $6.85 per share payable Nov 7, 2022 to holders of record Oct 24, 2022.
- Dividend declared in connection with the Oct 13, 2022 merger agreement with The Kroger Co.
- Five largest stockholders (Cerberus, Schottenstein, Lubert-Adler, Kimco, Klaff) entered lock-up agreements restricting share sales through certain dates.
- Kimco permitted to sell 12M shares and Jubilee Limited Partnership permitted to sell ~30M shares during lock-up period.