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Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment

Albertsons says Washington AG is denied request for injunction to stop Co’s dividend payment

[html](Reuters) – Albertsons co*panies Inc said late on Friday that Washington State Court has denied a request of preliminary injunction by the…
                              

(Reuters) –     Albertsons co*panies Inc said late on Friday that Washington State Court has denied a request of preliminary injunction by the state’s Attorney General to prevent the co*pany from paying a dividend to its shareholders.


The attorneys general of California, Illinois and Washington D.C. asked a federal court last week for a preliminary injunction that would prevent Albertsons, which is being purchased by rival Kroger Co, from paying a $4 billion dividend to shareholders.



(Reporting by Akanksha Khushi in Bengaluru; Editing by Stephen Coates)


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