Albertsons Companies Announces Launch of Initial Public Offering

Albertsons Companies announced today it has filed for an initial public offering, and is seeking to sell 65,800,000 shares of its common stock priced between $18 and $20 per share.

The company has been approved to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol “ACI”. Underwriters include Bank of America Securities, Goldman Sachs & Co., J.P. Morgan and Citigroup.

Albertsons Companies is not selling any shares pursuant to the common stock offering. In connection with the offering, certain of the selling stockholders expect to grant the underwriters a 30-day option to purchase an aggregate of 9,870,000 shares of the company’s common stock.

The company will not receive any net proceeds from the sale of common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of its common stock from the selling stockholders.

Albertsons is one of the country’s largest food and drug retailers, with both a strong local presence and national scale. Albertsons operates stores throughout a 34-state footprint and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavillions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw’s, Star Market, United Supermarkets, Market Street and Haggen.