Albertsons Companies Announces Review of Strategic Alternatives
The Board of Directors of Albertsons Companies (NYSE: ACI) has initiated a Board-led review of potential strategic alternatives to enhance growth and maximize shareholder value. The review will explore balance sheet optimization, capital return strategies, and possible transactions. Financial advisors Goldman Sachs and Credit Suisse have been retained for assistance. Although the Board believes in the company's strong asset portfolio, no timeline for the review's conclusion has been set, and there are no assurances of any resulting transactions.
- None.
- No set timeline for the review conclusion may lead to uncertainty for investors.
- No assurances that the review will yield positive outcomes or transactions.
"The Board believes the continuing strength of our business and the scale of our portfolio of assets warrants a deep and considered review of all possible paths towards maximizing value creation,” said
The Board has not set a timetable for the conclusion of this review, nor has it made any decisions related to any further actions or potential strategic alternatives at this time. There can be no assurance that the review will result in any transaction or other strategic change or outcome. The Company does not intend to comment further until it determines that further disclosure is appropriate or necessary.
About
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws. The "forward-looking statements" include our current expectations, assumptions, estimates and projections about our Company. They include statements relating to our future actions or potential outcomes which the Company believes to be reasonable at this time. You can identify forward-looking statements by the use of words such as "outlook," "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements.
These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict, including, among others:
- the timing of our review of any strategic alternatives;
- whether we will be able to identify or develop any strategic alternatives;
- our ability to execute on material aspects of any strategic alternatives;
- whether we can achieve the potential benefits of any strategic alternatives;
- changes in macroeconomic conditions;
- retail consumer behavior and environment and the Company's industry;
- ability to attract and retain qualified associates;
- failure to achieve productivity initiatives;
- increased rates of food price inflation or future deflation; and
- factors related to the continued impact of the COVID-19 pandemic, about which there are still many unknowns, including its duration, recurrence, new variants, status and effectiveness of vaccinations, duration and scope of related government orders, financial assistance programs, mandates and regulations and the extent of the overall impact to our business and the communities we serve.
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Such risks and uncertainties could cause actual results to differ materially from those expressed or forecasted by us. In evaluating our financial results and forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the "Risk Factors" section or other sections in our reports filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220228006022/en/
Media Contact:
Debra.Ceffalio@albertsons.com
Investor Contact:
Melissa.Plaisance@albertsons.com
Source:
FAQ
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