Replies to post #318 on Albertsons Companies, Inc. (ACI)

[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

[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