ALBERTSONS SALE OFF, BUT ASSET DISPOSALS BEGIN

BOISE, Idaho - Albertsons here is expected to begin divesting some of its underperforming assets quickly now that it has rejected a $26-per-share offer to buy the company outright, sources told SN last week.After putting itself up for sale in September and collecting bids from several groups of interested suitors, Albertsons late last month scuttled the $9.6 billion deal and said it would no longer

BOISE, Idaho - Albertsons here is expected to begin divesting some of its underperforming assets quickly now that it has rejected a $26-per-share offer to buy the company outright, sources told SN last week.

After putting itself up for sale in September and collecting bids from several groups of interested suitors, Albertsons late last month scuttled the $9.6 billion deal and said it would no longer seek to sell the whole company. Instead, it will attempt to sell off its weaker stores

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TAGS: Supervalu