Monday, June 22, 2020

Albertsons prices IPO

Albertsons Cos. is proceeding with its plans to go public.

The supermarket giant, whose banners include Safeway, Vons, Acme, its namesake brand and others, announced an initial public offering of 65.8 million shares, at an anticipated price of $18 to $20 per share. At the midpoint of the proposed range, Albertsons would command a market value of $9.1 billion and an enterprise value of $19.0 billion . . . more