Albertsons
FINANCE

Albertsons withdraws IPO plan

BY Marianne Wilson

Albertsons Companies Inc. 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 Corp., 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.

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