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Former CEO defends Albertsons' $4B pre-merger dividend
Original: Albertsons didn’t risk fiscal health with $4B pre-merger dividend, former CEO testifies
Albertsons' former chief executive testified in court that the grocery chain's $4 billion special dividend, paid ahead of its failed merger with Kroger, did not put the company's fiscal health at risk. The payout has been a central point of contention in litigation over the collapsed deal, with critics arguing it weakened Albertsons before the merger fell apart.
Why now: Testimony is emerging in ongoing litigation over the collapsed Kroger-Albertsons merger and its controversial $4 billion shareholder payout.
Evidence
- Albertsons didn’t risk fiscal health with $4B pre-merger dividend, former CEO testifies · Grocery Dive
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