MILWAUKEE, Oct. 14, 2022 /PRNewswire/ -- Ademi LLP is investigating Albertsons (NYSE: ACI) for possible breaches of fiduciary duty and other violations of law in its transaction with Kroger.
Click here to learn how to join the action https://www.ademilaw.com/case/albertsons-companies-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Albertsons's financial outlook and prospects are excellent and yet Albertsons holders will receive only at most approximately $27.25 per share from Kroger upon completion of the proposed transaction and $6.85 per share in a special dividend payment from Albertsons to shareholders of records as of October 24, 2022 to be paid on November 7, 2022. The transaction agreement unreasonably limits competing bids for Albertsons by imposing a significant penalty if Albertsons accepts a superior bid. Albertsons insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Albertsons's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Albertsons.
If you own Albertsons common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/albertsons-companies-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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