ECRM_1170x120_7-20-20

Cerberus Capital Management

Albertsons Cos. conducts $800 million IPO

Albertsons Cos. conducts $800 million IPO

BOISE, Idaho — Shares of Albertsons Companies Inc. began trading on the New York Stock Exchange on Friday, following an $800 million initial public offering that valued the supermarket operator at about $9.3 billion. Albertsons Cos. sold 50 million shares at $16 per share, raising $800 million for its investors. That was below the target

Albertsons Cos. to sell 17.5% stake to Apollo

Albertsons Cos. to sell 17.5% stake to Apollo

BOISE, Idaho — Albertsons Cos. plans to sell a 17.5% stake to the private equity firm Apollo Global Management for $1.75 billion. The deal, announced Wednesday, is expected to close by June 15. “Albertsons Companies is pleased to work with Apollo and its co-investors,” Albertsons president and CEO Vivek Sankaran said in a statement. “Apollo

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

Albertsons is gearing up for IPO

BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of ­Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to