Friday, 7 Aug 2020

ALBERTSONS

Supermarket operator Albertsons' shares reverse course in NYSE debut

(Reuters) – Shares of Albertsons Cos Inc ACI.N reversed course in their U.S. market debut during early trading on Friday, after opening 3% lower than their initial public offering price. Shares of the supermarket operator now up 1.4% at $16.22, giving the company a valuation of $9.4 billion. Albertsons on Thursday said it sold 50 […]

Albertsons pulls off downsized IPO after years of trying

(Reuters) – U.S. supermarket operator Albertsons Companies Inc ACI.N decided to go ahead with a downsized $800 million initial public offering (IPO) on Thursday, the culmination of multiple attempts by its private equity owner Cerberus Capital Management LP to cash out. Cerberus has been an investor in Albertsons since 2006 and has been trying to […]