US grocery retailer Albertsons expects IPO to raise up to US$1.51 billion

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U.S. grocery retailer Albertsons Cos Inc said on Thursday it is targeting to raise up to US$1.51 billion in an initial public offering.

FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank, California, U.S., July 17, 2012. REUTERS/Fred ProuserThe company said certain selling stockholders are offering 75.

7 million shares at a price range of US$18-US$20.

 

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