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April 6, 2018, 9:37 a.m. EDT

Albertsons withdraws IPO plan because of Rite Aid merger deal

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By Tomi Kilgore

Albertsons Companies Inc. filed Friday to withdraw its plan for an initial public offering, because of its deal to merge with Rite Aid Corp. /zigman2/quotes/201733831/composite RAD -8.93% , which was announced in February. The food and drug retailer 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. In November, the company had not yet set terms of the IPO. The withdrawal comes at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.09% has lost 0.3% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has shed 3.5%.

/zigman2/quotes/201733831/composite
US : U.S.: NYSE
$ 10.00
-0.98 -8.93%
Volume: 17.96M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$546.43 million
Rev. per Employee
$356,154
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 51.38
+2.02 +4.09%
Volume: 194,420
Sept. 25, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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