The parent company of two of the Valley’s largest grocery chains has filed for an initial public offering.
Albertsons Companies Inc., which owns and runs both the Albertsons and Safeway chains as well as 18 other brands nationwide, filed itsIPO documents on March 6 with the U.S. Securities and Exchange Commission.
The company is looking to raise $100 million with the IPO. It intends to trade its stock on the New York Stock Exchange under the symbol “ACI.”
The Boise, Idaho-based company has been privately owned for 14 years by private equity firm Cerberus Capital Management.
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