Il Villaggio - Fresh Mozzarella - Made to order everyday
unearthed - Olives with Chili - Great Balls of Fire - If you love chili, you'll love these olives
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
Albertsons Withdraws IPO Plans

Albertsons Withdraws IPO Plans


BOISE, ID
Friday, April 6th, 2018

Following years of an on-again, off-again relationship between grocery giant Albertsons and an initial public offering (IPO) that would value the company at between $1.5 and $2 billion, the company announced it has officially withdrawn its bid.

Speculation had been surrounding a potential IPO for Albertsons since early 2015, with the company initially filing documents that would suggest plans to earn around $100 million through the deal. Albertsons announced, then withdrew IPO plans several times over the past several years, but our most recent update suggested that the company would postpone the deal temporarily in the midst of the attention grabbing Amazon-Whole Foods deal. The offering would have been listed on the New York Stock Exchange as ABS, and was bookran by Goldman Sachs, BofA Merrill Lynch, Citi, Morgan Stanley, Deutsche Bank, Credit Suisse, and Barclays.

Albertsons Storefront

In an article on MarketWatch, the source suggests that Albertsons withdrew its plans for the offering due to the retailer’s deal with Rite Aid for a merger. There has yet to be official comment from Albertsons on the company’s press website as of yesterday.

Where will Albertsons’ growth plan take it next? Deli Market News will keep our eyes on the horizon.

Albertsons
Topics:


Il Villaggio - Fresh Mozzarella - Made to order everydayunearthed - Olives with Chili - Great Balls of Fire - If you love chili, you'll love these olivesEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature

Have a new product, press release or story idea?

Let us know

In This Story


Your favorite neighborhood food and drug retailer with helpful associates, competitive prices and high quality, fresh products.

Cheese Industry Conference 2019 Seminars Focus on Export Trends, Market Strategies

Grow your business in markets abroad with the help of expert insights on trends and winning sales strategies from 2019 Cheese Industry Conference (CIC) presenters.
View Press Release

WCMA Supports Dairy Industry’s Future Leaders with Scholarships Worth $15,000

Each year, the association shows its support for the dairy industry’s next generation of leaders by announcing the names of this year's recipients.
View Press Release

Eggland’s Best and Life Time Challenge Families to “Plus It Up”

Eggland’s Best (EB), the #1 branded egg in the U.S., is teaming up with the Life Time 60daySM program to encourage families to “plus it up” when it comes to their overall nutrition and wellness.
View Press Release

WCMA Recognizes Contest Leaders with Awards

On Wednesday, March 6, the Wisconsin Cheese Makers Association, host of the 2019 U.S. Championship Cheese Contest, honored Steve Krause, John Jaeggi, and John Umhoefer for their work to support and grow the contest.
View Press Release

WCMA Announces Ideas Showcase Line-Up at 2019 Cheese Industry Conference

Register online at CheeseConference.org through April 8!
View Press Release