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Wash. State Court Blocks $4B Albertsons Payout To Investors

By Hailey Konnath ( November 3, 2022, 11:32 PM EDT) -- A Washington state court on Thursday temporarily blocked Albertsons' planned $4 billion payment to its shareholders ahead of its proposed merger with Kroger, finding that the state is likely to prevail in its suit challenging the payout as "enriching its shareholders" while imperiling the company's ability to compete....

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