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Supermarket Chain Albertsons Prepares For IPO

July 8, 2015: 12:00 AM EST
Supermarket chain Albertsons filed for an initial public offering. Established by Joe Albertson in Boise, Idaho, in 1939, Albertsons became a leading retailer in the western United States. By going public, Albertsons will emerge from years of ownership under a consortium led by investment firm Cerberus Capital Management. In 2014, the consortium acquired supermarket chain Safeway for $9.2 billion.
Michael J. de la Merced, "Albertsons, Big Grocery Chain, Files for I.P.O.", The New York Times, July 08, 2015, © The New York Times Company
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