Entering text into the input field will update the search result below

Albertsons stock jumps amid news of strategic review

Mar. 01, 2022 11:34 AM ETAlbertsons Companies, Inc. (ACI)By: Joshua Fineman, SA News Editor7 Comments


RiverNorthPhotography/iStock Unreleased via Getty Images

Albertsons (NYSE:ACI) gained 10% after the supermarket chain announced on Thursday that it was reviewing potential strategic alternatives.

"Potential suitors for ACI appear to be in the real of possibility," Oppenheimer analyst Rupesh Parikh wrote in a

Recommended For You

Comments (7)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

ACI is doing reviews of their different stores from each market to consolidate or sell them off. This will free up capital and return monies to stockholders mainly Cerberus.
Isn,'t KIM a major shareholder of ACI ? Will this mean a major positive effect for KIM?
01 Mar. 2022
Albertsons should again try to acquire Rite Aid. Since Albertsons has competent management already in place that could expand fresh grocery to probably 70%+of rite aid locations and that would likely be very accretive because rite aid stores are basically break even with out grocery and have lots of extra space to accommodate Grocery. Getting rid of most or all of the corporate overhead at Rite Aid would also definitely add value since it could probably be absorbed into Albertsons existing infrastructure.
@SJJ1 RAD is a pile of garbage though... Why?
03 Mar. 2022
@cwebjohn Because it’s really cheap (5 billion in gross profit 3 billion in real debt, essentially break even +-). If you add fresh grocery to underutilized rite aid stores it could be a huge value creator for ACI. Imagine ACI being able to open 2,000+- new Grocery stores that were already break even and already staffed etc. Then add Fresh grocery rite on top of it, it could be a huge win for ACI. The equity value today is 500 million and probably need to pay 2 billion (36 a RAD share) to take it over without a fight. It’s very synergistic with ACI they realized it years ago but the RAD investors are stupid and the offer was also complicated so it was misunderstood.
@SJJ1 RAD could go under quickly with the loss of COVID revenue. I am not buying RAD shares at the moment but mainly because I was almost burned the last time. Thankfully I got out in time...
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.