Market
Will Albertsons increase its quarterly dividend to $0.15 per share by March 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official financial statements or press releases from Albertsons
Story
Albertsons Terminates $25 Billion Merger with Kroger, Sues for Breach Amid Antitrust Concerns
Dec 11, 2024, 01:38 PM
Albertsons has terminated its $25 billion merger agreement with Kroger following court injunctions from both a federal judge and a Washington state judge, which halted the deal. The termination came after Albertsons accused Kroger of failing to exercise 'best efforts' to secure regulatory approval for the proposed merger. In response, Albertsons has filed a lawsuit against Kroger, seeking billions of dollars in damages for breach of the merger agreement, citing Kroger's failure to address antitrust concerns and secure regulatory approval. Additionally, Albertsons has authorized a $2 billion share buyback program and intends to increase its quarterly dividend by 25% to $0.15 per share. The courts' decisions were based on concerns that the merger would curtail competition for grocery shoppers, potentially leading to higher prices, reduced consumer choice, and lower wages.
View original story
Similar markets
Decrease by more than 10% • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Stock price increases by over 10% • 25%
Stock is delisted • 25%
Stock price remains within 10% range • 25%
Stock price decreases by over 10% • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Decreases by 10% or more • 25%
Increases by 10% or more • 25%
Volatile (fluctuates by 10% or more both ways) • 25%
Remains stable (within +/- 10%) • 25%