Albertsons Companies, Inc. (ACI)
After hours:
| Previous Close | 20.95 |
| Open | 21.01 |
| Bid | 0.00 x 3000 |
| Ask | 0.00 x 4000 |
| Day's Range | 20.73 - 21.05 |
| 52 Week Range | 20.05 - 37.99 |
| Volume | |
| Avg. Volume | 5,589,526 |
| Market Cap | 11.103B |
| Beta (5Y Monthly) | 0.33 |
| PE Ratio (TTM) | 7.16 |
| EPS (TTM) | 2.90 |
| Earnings Date | Oct 18, 2022 |
| Forward Dividend & Yield | 0.48 (2.29%) |
| Ex-Dividend Date | Oct 28, 2022 |
| 1y Target Est | 30.02 |
- Reuters
California, others ask court to temporarily stop $4 billion Albertsons dividend payment
The attorneys general of California, Illinois and Washington D.C. asked a federal court on Thursday for a preliminary injunction that would prevent Albertsons Companies Inc, which is being purchased by rival Kroger Co, from paying a $4 billion dividend to shareholders. The state officials said in a court filing that Kroger, which does not yet own its rival, agreed with Albertsons that Albertsons would pay the dividend at the beginning of the merger review. "Payment of the special dividend, in conjunction with the restrictions defendants' merger agreement imposes on Albertsons' ability to borrow money, likely will hamper Albertsons' ability to compete with Kroger and other grocers, leaving shoppers facing higher prices, worse service, less innovation, closure of their local Safeway or other Albertsons supermarket, or all of the above," they said in the filing.
- Reuters
California, others ask court to temporarily stop $4 bln Albertsons dividend payment
The attorneys general of California, Illinois and Washington D.C. asked a federal court on Thursday for a preliminary injunction that would prevent Albertsons Companies Inc, which is being purchased by rival Kroger Co, from paying a $4 billion dividend to shareholders. The state officials said in a court filing that Kroger, which does not yet own its rival, agreed with Albertsons that Albertsons would pay the dividend at the beginning of the merger review. "Payment of the special dividend, in conjunction with the restrictions defendants' merger agreement imposes on Albertsons' ability to borrow money, likely will hamper Albertsons' ability to compete with Kroger and other grocers, leaving shoppers facing higher prices, worse service, less innovation, closure of their local Safeway or other Albertsons supermarket, or all of the above," they said in the filing.
- Reuters
UPDATE 1-Farm, consumer groups urge U.S. to block Kroger's planned $25 bln buy of Albertsons
Advocacy groups, including the Open Markets Institute and National Farmers Union, on Thursday asked U.S. antitrust enforcers to stop Kroger Co 's planned $25 billion purchase of rival grocery giant Albertsons Companies Inc. In a letter to Federal Trade Commission Chair Lina Khan, the groups argued that the deal would raise prices in some parts of the United States and hurt some grocery store and warehouse workers. "As organizations representing farmers, workers, consumers, and advocates for fair food systems, we urge the Federal Trade Commission to block Kroger's acquisition of Albertsons," the letter said.
