Cahill Represents Underwriters in $800 Million Initial Public Offering for Albertsons Companies, Inc.
Date: 06/30/20
Cahill represented the underwriters in connection with the initial public offering by Albertsons Companies, Inc. (NASDAQ: ACI) of 50,000,000 shares of its common stock, publically priced at $16.00 per share, resulting in net proceeds of approximately $800,000,000. Albertsons Companies is one of the largest food and drug retailers in the United States, operating stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, and Carrs.