, two large investment firms that ushered Albertsons into the public markets and now own near half its shares. As of December, New York City-based Cerberus held a 32% stake and Lubert-Adler, 12%. The firms didn’t respond to requests for comment., selling about 50 million shares at $16 a piece. Since the IPO, share prices have risen about 85% before the announcement of the review Monday bumped up the stock even further as Wall Street welcomed the move. Share prices closed at $35.
Albertsons didn’t give a timetable for the review, gave no indication that it was leaning toward any strategic direction, and added that the review could result in no action at all. A spokeswoman said Albertsons had no further comment. Acme could be sold “as real estate,” to other store chains, said Stanton, who is not connected to the review. Acme, based in East Whiteland Township has about 161 stores in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania.
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