Albertsons Jumps as Grocer’s Board to Review 'Strategic Alternatives'
- U.S. grocer says it will study alternatives to boost growth
- Goldman, Credit Suisse are serving as financial advisers
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Albertsons Cos. jumped in late trading on Monday after the grocer said it would study “strategic alternatives” to boost growth.
The review will assess “various balance-sheet optimization and capital-return strategies, potential strategic or financial transactions” and other initiatives to complement its operations, Albertsons said in a statement. “Responding to inquiries” is also on the to-do list, and the retailer has hired Goldman Sachs Group Inc. and Credit Suisse Group AG as financial advisers.