Albertsons Companies Issues Statement Regarding the Delay of the Washington State Court’s Hearing on its Special Dividend Payment
November 10 2022 - 9:26PM
Business Wire
Albertsons Companies (NYSE: ACI) (“Albertsons Cos.” or “the
Company”) today announced that the Washington State Court has
postponed the date of the hearing regarding the temporary
restraining order (“TRO”) granted to the State of Washington. The
TRO restrains the Company from paying the previously announced
$6.85 per share Special Dividend (the “Special Dividend”) to
stockholders of record as of the close of business on October 24,
2022.
The hearing is scheduled to take place Wednesday, Nov. 16 and
Thursday, Nov. 17, and the TRO remains in effect.
Albertsons Cos. continues to believe that the claim brought by
the State of Washington is meritless and provides no legal basis
for canceling or postponing a dividend that has been duly and
unanimously approved by Albertsons Cos.’ fully informed Board of
Directors.
Forward-Looking
Statements
This press release includes “forward-looking statements” within
the meaning of the federal securities laws. The “forward-looking
statements” include our current expectations, assumptions,
estimates and projections about the Special Dividend and the
payment thereof. They include statements which the Company believes
to be reasonable at this time. You can identify forward-looking
statements by the use of words such as “outlook,” “may,” “should,”
“could,” “estimates,” “predicts,” “potential,” “continue,”
“anticipates,” “believes,” “plans,” “expects,” “future” and
“intends” and similar expressions which are intended to identify
forward-looking statements.
These statements are not guarantees of future performance and
are subject to numerous risks and uncertainties which are beyond
our control and difficult to predict and could cause actual results
to differ materially from the results expressed or implied by the
statements.
All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by
these cautionary statements and risk factors. Forward-looking
statements contained in this press release reflect our view only as
of the date of this press release. We undertake no obligation,
other than as required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
In evaluating our forward-looking statements, you should
carefully consider the risks and uncertainties more fully described
in the “Risk Factors” section or other sections in our reports
filed with the SEC.
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