Cerberus’s Albertsons Files for IPO of U.S. Grocery-Store Chain
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Albertsons Cos., the grocery chain with more than 2,000 stores across the U.S., filed for an initial public offering.
The planned IPO of Albertsons comes just six months after its private-equity owner, Cerberus Capital Management, completed a $9 billion acquisition of Safeway Inc. A combination of Albertsons and Safeway will be the second-largest grocery-store chain in the U.S. behind Kroger Co., according to PrivCo Media.