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In California, others have asked the court to temporarily halt the payment of $4 billion in Albertson’s earnings by Reuters

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© Reuters. FILE PHOTO: The Albertsons logo appears on the Albertsons grocery store, where Kroger agreed to buy rival Albertsons in a deal to merge the two supermarket chains in Rancho Cucamonga, California, US, October 14, 2022. REUTERS/Aude Guerrucci

Written by Diane Bartz

WASHINGTON (Reuters) – Attorneys general in California, Illinois and Washington, D.C., asked a federal court on Thursday to issue a preliminary injunction preventing Albertsons Companies Inc, which is being bought by rival Kroger (NYSE:)), from paying $4 billion. Dividend distributions to shareholders.

State officials said in a lawsuit that Kroger, which does not yet own its competitor, has agreed with Albertsons that Albertsons will pay a dividend at the start of the merger review.

The special dividend payment, in conjunction with the limitations that the merger agreement between the defendants places on Albertsons’ ability to borrow money, would likely hinder Albertsons’ ability to compete with Kroger and other grocery stores, leaving shoppers to face higher prices, worse service, and less innovation. , Close Your local Safeway or other Albertsons supermarket, or all of the above,” they said in the filing.

California Attorney General Rob Ponta said in a statement that he was determined to stop the $4 billion distribution of the money. “We will not stop fighting to make sure that the proposed merger does not harm the families, workers and farmers of California,” he said.

The Albertsons did not immediately respond to a request for comment. The company said it was in a strong financial position and that the dividend would not hurt it.

The lawsuit was filed in federal court in Washington, D.C

The Albertsons was initially scheduled to pay the special dividend on November 7.

A court on the other side of the country, in Washington state, has issued a temporary restraining order on the payment and said it will remain pending until a hearing scheduled for Dec. 9.

Kroger acquired Albertsons in a $25 billion deal in last month’s mega merger of No. 1 and No. 2 groceries saying the deal would help it better compete with leading American grocery maker Wal-Mart (NYSE: Inc) on prices. The planned takeover has come under fire on antitrust grounds.

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Red Flags That Your Spouse Is Hiding Money (And What To Do About It)

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Marriage can be hard enough without one spouse hiding money from the other.

When financial infidelity occurs in the form of “hidden cash,” a marriage or a live-forever relationship can easily be ended.

The truth is About 30% of American couples suffer from financial infidelity. Other evidence shows that more than 75% of couples describe the hidden money situation as negative and common 10% of these scenarios end in divorce.



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US judge orders Norwegian Cruise Line to pay $110m for use of Cuba port By Reuters

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© Reuters. Norwegian American Airlines cruise ship Marina arrives in Havana Bay, Cuba on March 9, 2017. REUTERS/Alexander Meneghini/File/File Photo

Written by Brian Ellsworth

MIAMI (Reuters) – Norwegian Shipping Line (NYSE) has to pay $110 million in compensation for the use of a port confiscated by the Cuban government in 1960, a US judge said Friday, marking a significant milestone for Cuban Americans. Who are seeking reparations for the Cold War era. Assets confiscation.

The decision by US District Judge Beth Bloom in Miami follows her decision in March that use of the Havana Cruise Terminal constituted smuggling of forfeited property belonging to the plaintiff, Delaware-registered Havana Docks Corp.

The decision read: “The judgment is made in favor of Plaintiff Havana Docks Corporation and against Norwegian Cruise Line Holdings, Ltd.”

“The plaintiff was awarded $109,848,747.87 in damages,” it says, adding that the Norwegian must also pay an additional $3 million in legal fees and costs.

Norwegian Cruise Line did not immediately respond to a request for comment.

Cuban President Miguel Diaz-Canel has sharply criticized the Helms-Burton Act, calling it an extraterritorial violation of international law.

Havana Docks also sued Carnival Cruise Lines (NYSE: ), Royal Caribbean (NYSE:) and MSC under the Helms-Burton Act, which allows US citizens to sue over the use of property seized in Cuba after 1959.

The ruling could fuel more lawsuits by Cuban exiles pursuing claims, worth $2 billion, according to one estimate, over asset seizures under late Cuban leader Fidel Castro.

It may also serve as a reminder to multinational companies of the complexities that can come with doing business in Cuba.

In 2016, US cruise ships began traveling to Cuba for the first time in decades after a détente negotiated by former President Barack Obama eased some provisions of a Cold War US embargo.

But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, Washington’s ideological foe.

The Trump administration has also allowed US citizens to sue third parties for using property seized by Cuban authorities, a provision of the Helms-Burton Act that every previous president has waived since the law was passed in 1996.

Havana Docs says Cuba, which has been under a US trade embargo for decades, has never compensated it for taking the drug.

The four cruise lines sued in 2019 in the US District Court for the Southern District of Florida. Bloom in March held the companies liable for damages under the Helms-Burton Act, also known as the Libertad Act.

According to the US-Cuban Economic and Trade Council, a nonprofit organization that provides information on relations between the two countries, 5,913 validated claims related to property seized in Cuba represent an estimated liability of nearly $2 billion.

Forty-four lawsuits have been filed under Title III of the Helms-Burton Act, the organization says.

“For the current plaintiffs of Cuban descent, (the decision) will give them a moment of relief,” said John Cavulich, the group’s president. “It will give them a moment to say ‘You can run but you can’t hide,'” Cavulich said.

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Is a Royal Caribbean or Carnival beverage package worth it?

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An all-inclusive beverage package that gives you access to beer, wine, liquor, bottled water, soda, specialty coffee, and even shakes/juices may cost more than your cruise fare.

This is especially true right now when many cruise cabins are being sold at discounted prices while the drinks package prices have gone up.

Deciding whether to purchase a drink package is a challenge because you have to estimate whether you will be drinking enough to cover the cost. Or, more importantly, whether you’d spend more if you decided not to purchase a drink package.



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