Albertsons retreats on initial public offering plan

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Albertsons retreats on initial public offering plan

By Marianne Wilson - 04/06/2018
Albertsons filed Friday to withdraw its plan for an initial public offering, MarketWatch reported.

The food and drug retailer withdrew its plan because of its previously announced deal to merge with Rite Aid, which was announced in February.

Albertsons said the registration statement for the IPO, which was last amended in November, had not yet been declared effective by the Securities and Exchange Commission, according to MarketWatch.