Washington court temporarily blocks Albertsons' $6.85/share special dividend; hearing set for Nov 10

Albertsons Companies, Inc.

Temporary restraining order issued Nov 3, 2022 halting Albertsons' $6.85/share special dividend originally scheduled for Nov 7, 2022.
Preliminary injunction hearing set for Nov 10, 2022; order remains in effect until then unless extended or dismissed.
Company claims TRO based on incorrect assertion that dividend payment would impair ability to compete during pending Kroger merger antitrust review.
Albertsons reports strong financial position: ~$75B trailing revenue, $3B liquidity post-dividend ($500M cash + $2.5B ABL).
Albertsons intends to vigorously defend; similar meritless lawsuits from CA, IL, DC Attorneys General.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.