SEATTLE (AP) – The Washington state Supreme Court on Tuesday declined to review a case against a $4 billion dividend Albertsons wants to pay shareholders, ahead of a proposed $25 billion merger with Kroger. The case was brought by state Attorney General Bob Ferguson who had argued that the payment could financially weaken Albertsons and lead to shuttering locations of Albertsons and Safeway, which Albertsons owns, the Seattle Times reported. Tuesday’s ruling doesn’t affect the months-long approval process for the proposed Kroger-Albertsons merger, the report notes.
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