Boise, Idaho-based Albertsons Companies Inc. recently announced its initial public offering of 50 million shares of its common stock had been priced at $16 per share (the “offering”). All of the shares are being sold by certain stockholders.
In connection with the offering, certain of the selling stockholders also have granted the underwriters a 30-day option to purchase an aggregate of 7.5 million shares of the company’s common stock.
The shares are expected to begin trading on the New York Stock Exchange (NYSE) on June 26, under the symbol “ACI” and the offering is expected to close on June 30, subject to customary closing conditions.
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.
BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Citigroup are acting as lead joint book-running managers for the initial public offering. Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays and Deutsche Bank Securities are acting as book-running managers for the offering. BMO Capital Markets, Evercore ISI, Guggenheim Securities, Oppenheimer & Co., RBC Capital Markets, Telsey Advisory Group, MUFG, Academy Securities, Blaylock Van, LLC, Drexel Hamilton, Loop Capital Markets, Penserra Securities LLC, Ramirez & Co. Inc., Stern and Tigress Financial Partners are acting as co-managers for the offering.
This offering will be made only by means of a prospectus. When available, copies of the prospectus for the offering may be obtained from: BofA Securities Inc., One Bryant Park, New York, New York 10036, Attn: Prospectus Department, Email: [email protected]; Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attn: Prospectus Department, Telephone 866-471-2526, Facsimile: 212-902-9316, Email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone 866-803-9204, Email: [email protected]; and Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone 800-831-9146.
A registration statement relating to the shares was filed with the Securities and Exchange Commission and became effective on June 25.
Albertsons operates stores across 34 states 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.
The company announced June 18 that it was making its initial public offering. See story here.