Albertsons (ACI) said it will pay its $4 billion dividend announced in connection with its planned sale to Kroger (KR) on Friday.
The $6.85 a share dividend will be paid on Friday to stockholders of record as of the close of business on Oct. 24, according to a statement.
The dividend payment comes after the Washington Supreme Court on Tuesday declined to review the state AGs attempt to an appeal a ruling that allowed the divided to be paid after the state tried to block payment of the dividend.
A Washington state judge last month denied a preliminary injunction that prevented Albertsons (ACI) from paying the dividend. A different Washington state judge granted a temporary restraining in November that blocked payment of of the special dividend that was supposed to be paid on Nov. 7.
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Source: Seeking Alpha.com