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Albertsons Jumps as Grocer’s Board to Review 'Strategic Alternatives'

  • U.S. grocer says it will study alternatives to boost growth
  • Goldman, Credit Suisse are serving as financial advisers
Updated on

Albertsons Cos. jumped in late trading on Monday after the grocer said it would study “strategic alternatives” to boost growth. 

The review will assess “various balance-sheet optimization and capital-return strategies, potential strategic or financial transactions” and other initiatives to complement its operations, Albertsons said in a statement. “Responding to inquiries” is also on the to-do list, and the retailer has hired Goldman Sachs Group Inc. and Credit Suisse Group AG as financial advisers.