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.