Albertsons Sets Price for $1.9B IPO


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Albertsons has more than 2,200 stores across 33 states under a variety of banners.

BOISE, ID—Albertsons Cos. Inc., which completed its$9.2-billion merger with Safeway Inc. this past January, set pricing for its initial public offering in an SEC filing Friday. The IPO was first announced in July, and will mark the supermarket operator’s first step in exiting years Albertsons Cos. Inc.,of ownership by a Cerberus Capital Management-led consortium, according to the New York Times.

The SEC filing lists 65.3 million shares of common stock to be priced between $23 and $26 per share. Albertsons’ IPO could raise up to $1.9 billion if it prices at the top end of its range and the underwriters exercise their full overallotment option of an additional 9.8 million shares. The company is expected to trade on the New York Stock Exchange under the ABS symbol…

Albertsons Sets Price for $1.9B IPO

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