Mergers & Acquisitions Mergers & Acquisitions

Kroger would have walked away from merger if Albertsons sought to pay more than a $4 billion dividend, Kroger CFO says

By Peter Semler
  • 07 Dec 2022 23:53
  • 07 Dec 2022 23:53
Kroger Chief Financial Officer Gary Millerchip said his company would have walked away from its $24.6 billion takeover of Albertsons if that company were to issue an extraordinary dividend of more than $4 billion.

Millerchip told the King County Superior Court that Albertsons initially sought to issue a $4.3 billion dividend, but Kroger

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