Albertsons Companies, Inc. (ACI)

[biotech_researcher]

Ye-ha, we got to the new year, so I could sell most all my shares. Thank you KR!

[mick]

https://www.otcmarkets.com/stock/ACI

[mick]

https://www.otcmarkets.com/stock/ACI

[mick]

https://www.otcmarkets.com/stock/ACI

[mick]

https://www.otcmarkets.com/stock/ACI

[mick]

ACI
Albertsons Companies Inc
21.67
-0.12 (-0.55%)
Volume: 1,891,601
Day Range: 21.65 - 21.93
Last Trade Time: 7:56:30 PM EDT

[mick]

ACI
Albertsons Companies Inc
21.765
0.075 (0.35%)
Volume: 437,301
Day Range: 21.71 - 21.84
Last Trade Time: 2:11:02 PM EDT
Total Trades: 5,761

[biotech_researcher]

Nope.

[mick]

ACI
Albertsons Companies Inc
21.89
0.29 (1.34%)
Volume: 3,909,951
Day Range: 21.65 - 21.94
Last Trade Time: 7:49:24 PM EDT

[mick]

WILL FRY'S & KROGER MERGE ?????

[mick]

ACI & fry's
Albertsons Companies Inc
20.08
0.15 (0.75%)
Volume: 3,558,172
Day Range: 19.88 - 20.16
Last Trade Time: 7:48:47 PM EDT

[mick]

ACI
Albertsons Companies Inc
21.47
-0.10 (-0.46%)
Volume: 13,584,515
Day Range: 21.335 - 21.59
Last Trade Time: 7:30:48 PM EDT

[mick]

ACI & fry's
Albertsons Companies Inc
20.08
0.15 (0.75%)
Volume: 3,558,172
Day Range: 19.88 - 20.16
Last Trade Time: 7:48:47 PM EDT

[mick]

ACI
Albertsons Companies Inc
20.80
-0.15 (-0.72%)
Volume: 4,883,232
Day Range: 20.815 - 21.01
Last Trade Time: 7:24:15 PM EDT

[mick]

ACI
Albertsons Companies Inc
20.70
0.07 (0.34%)
Volume: 3,451,493
Day Range: 20.56 - 20.71
Last Trade Time: 7:45:15 PM EDT
Bullish
BULLISH

[mick]

ACI
Albertsons Companies Inc
20.70
0.07 (0.34%)
Volume: 3,451,493
Day Range: 20.56 - 20.71
Last Trade Time: 7:45:15 PM EDT

[mick]

ACI
Albertsons Companies Inc
20.70
0.07 (0.34%)
Volume: 3,451,493
Day Range: 20.56 - 20.71
Last Trade Time: 7:45:15 PM EDT

[mick]

ACI
Albertsons Companies Inc
20.68
-0.10 (-0.48%)
Volume: 4,555,095
Day Range: 20.50 - 20.725
Last Trade Time: 7:56:54 PM EST

[mick]

ACI
Albertsons Companies Inc
21.40
0.06 (0.28%)
Volume: 1,559,777
Day Range: 21.2601 - 21.41
Last Trade Time: 7:59:15 PM EST

[hotdawg]

I got mine also . good luck on picking up what ever you can find on monday.

[biotech_researcher]

E*Trade sucks..

[GO4AWILDRIDE]

hotdawg

Finally received my DIVI in both my TDAMERITRADE accounts and my FIDELITY account.

Monday will be a busy day for me reinvesting this money into the market.

GLTU

GO4AWILDRIDE

[GO4AWILDRIDE]

Has anyone received that DIVI today?

Going on 2:30 and still no DIVI in either TDAMERITRADE or FIDELITY accounts.

GO4AWILDRIDE

[biotech_researcher]

$21 + $7= $28

KR’s offer was for $34. So, there is still $6 per share on the table.

[hotdawg]

Good news finally
Thanks

[GO4AWILDRIDE]

Washington State Supreme Court ruled in favor of the company and company stated that the DIVI will be paid as soon as possible.
I am expecting it by Friday at the latest..

GO4AWILDRIDE

[mick]

ACI
Albertsons Companies Inc
20.70
0.04 (0.19%)
Volume: 3,500,604
Day Range: 20.46 - 20.71
Last Trade Time: 7:47:54 PM EST

[mick]

ACI
Albertsons Companies Inc
20.70
0.04 (0.19%)
Volume: 3,500,604
Day Range: 20.46 - 20.71
Last Trade Time: 7:47:54 PM EST

[biotech_researcher]

I expect there is so much resistance to this deal, it will be terminated. Too bad as Walmart is the real juggernaut..

[biotech_researcher]

$6.85 will be paid to the shareholders of record on the day before the ex-dividend date no matter what happens with the judge’s decision. The $6.85 was extracted from the share price so the shareholders of record are owed that.. If the judge stops payment, then the $6.85 is added back to the share price. If judge approves, then the $6.85 is paid out as a return of principle..

[GO4AWILDRIDE]

hotdawg

Did you see that the hearing now is delayed til 12/9/2022.

The DIVI hearing is being delayed for some reason that excapes me.

Is it to deny the merger, and see where the chips lie after that?

GLTU

GO4AWILDRIDE

[hotdawg]

I took a look at them it's a lot of shares going out all the top executives.
They know everything going on with the sale and the divi.

[GO4AWILDRIDE]

hotdawg

Have you looked at all the FORM 4's that were filed for all the shares the board and executives will get with the $6.85 dividend?

This info will be turned over to the court as evidence that the board approved this dividend.

GLTU

GO4AWILDRIDE

[GO4AWILDRIDE]

hotdawg

Following came from DOW JONES NEWSWIRE:

Judge Ken Schubert of the King County Superior Court in Washington requested a fuller hearing next week on a $4 billion dividend that Albertsons Cos. is seeking to pay its shareholders, announced when the grocer agreed to combine with Kroger Co.

The hearing is now scheduled to take place Nov. 17 with witnesses from Albertsons and Kroger, and the companies are expected to provide additional documents to Washington state officials, including minutes from board meetings relating to the dividend.

Last week, a state court commissioner temporarily blocked the dividend, which was initially scheduled for Nov. 7. The temporary restraining order is now extended until Nov. 17.

The largest and the second-largest supermarket chains agreed to combine in a $20 billion deal in October.


It appears that the Judge wants a full scale reporting by both companies.

GLTU

GO4AWILDRIDE

[hotdawg]

It sounds like they are stalling trying to find something that will stick.

[GO4AWILDRIDE]

hotdawg

Hearing delayed till 11/16 & 11/17.

Stay is still in effect.

GO4AWILDRIDE

[GO4AWILDRIDE]

biotech

Expect selling pressure on the stock after the distribution..

Selling already happened when the PPS went from $27 to the current $20-22 range.

KROGER's offer of $34.10 per share will be dropped to $27.25 to offset the SPECIAL DIVI as ALBERTSONS is calling it.

It may be a non-divi as you pointed out but until I hear more from tne company I will treat it as a SPECIAL DIVI.

Other companies do the same and it is treated as a SPECIAL DIVI.

Only time will determine what it is.

EDIT: DO NOT FORGET ABOUT THE SPINOFF SHARES THAT WILL OCCUR AFTER KROGER SCOOPS UP OUR SHARES AT WHAT FINAL PRICE, THAT IS TO BE DETERMINED AT A LATER DATE WHEN REGULATORS DETERMINE WHICH STORES NEED TO BE EXCLUDED IN THE BUYOUT.

GLTU

GO4AWILDRIDE

[biotech_researcher]

Most individuals have most of their shares in taxable accounts I would expect. This was all done for the hedge fund which owns a significant number of shares. Expect selling pressure on the stock after the distribution..

[GO4AWILDRIDE]

ANYONE HAVE INFO IF THE HEARING TOMORROW CAN BE FOLLOWED THRU MEDIA/PHONE OR OTHER METHOD?

GO4AWILDRIDE

[GO4AWILDRIDE]

biotech

It is a distribution so you pay tax on this as income not as a dividend..

That is ONLY TRUE if you have your shares in a taxable account.

If yours are in a ROTH or an IRA they remain either non-taxed or taxed when you remove the money from your account.

That is where my shares reside.

GLTU

GO4AWILDRIDE

[biotech_researcher]

It is a distribution so you pay tax on this as income not as a dividend..

[hotdawg]

Thanks for the info.

[GO4AWILDRIDE]

hotdawg

The DIVI will be paid it will just take a court hearing to BITCH SLAP the atty general back into reality of the financial world of high finance.

GLTU

GO4AWILDRIDE

[GO4AWILDRIDE]

hotdawg

Hearing is on 11/10/2022 in which Albertsons is going to argue that the DIVI was voted on by the BOARD OF DIRECTORS prior to the merger with KROGER.

Their statement is that the company is returning value to its investors regardless if the merger goes thru or not, and the company is on good footing financial ground even after the 4 BILLION is returned to its investors.

This could be a way of enticing more investors as the PPS will be around the $20-22 range.

If the merger goes thru the amount of money that will return to its investors is something like this: $34.10 minus the $6.85 minus the amount for the SPIN OFF shares($4-5) gives $23.25 or $22.25 that KROGER will pay the holders of ACI.

EDIT: ALSO DO NOT FORGET THE VALUE OF THE SPIN OFF COMPANY IN THIS TRANSACTION

Hope this helps you understand what is going on.

GLTU

GO4AWILDRIDE

[hotdawg]

I found out what happened. Washington state blocked the divi.

[hotdawg]

My divi disappeared anyone know what happened

[mick]

thank you

[GO4AWILDRIDE]

mick

We now just sit it out and watch the PPS hopefully rise.

I sent an e-mail to the IR DEPT and asked the following questions:

As a shareholder I have the following questions I am hoping you can answer.

1. Is there a date set for Kroger to submit payment?

2. Is the final payment number known IE ($34.10 minus the $6.85 special divi minus the value of the spin off company)?

3. Is the spin off shares in a one for one ratio with the number of ACI shares I hold?

4. Will the spin off company trade on the NYSE?

5. Will the spin off shares have a trading restriction? And if so for how long?

Will post here if I get a response from IR.

GLTU

GO4AWILDRIDE

[mick]

true
What do you know about the $6.85 DIVI with a 10/21 EX-DATE?

It has a 11/7 PAY DATE.

[mick]

ACI
Albertsons Companies Inc
21.15
-6.35 (-23.09%)
Volume: 14,576,806
Day Range: 20.57 - 21.10
Last Trade Time: 7:50:33 PM EDT
Total Trades: 80,871
ACI Detailed Quote