Albertsons files for proposed initial public offering

Date: 
Thursday, 12 March 2020 - 3:24am

albAlbertsons Cos. Inc. filed a registration statement with the Securities & Exchange Commission for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of Series A mandatory convertible preferred stock.

The amount of securities offered will be determined by market conditions and other factors at the time of the offering. The number of shares of stock to be offered and the price range for the offering have not yet been determined.

A registration statement relating to these securities has been filed with the Securities & Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Citigroup are acting as lead joint book-running managers for the proposed common stock offering. Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays and Deutsche Bank Securities are acting as book-running managers for the proposed common stock offering. BMO Capital Markets, Evercore ISI, Guggenheim Securities, Oppenheimer & Co., RBC Capital Markets, Telsey Advisory Group, MUFG, Academy Securities and Blaylock Van, LLC are acting as co-managers for the proposed common stock offering.

BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan and Citigroup are acting as lead joint book-running managers for the proposed preferred stock offering. Credit Suisse, Morgan Stanley, Wells Fargo Securities, Barclays and Deutsche Bank Securities are acting as book-running managers for the proposed preferred stock offering. BMO Capital Markets, RBC Capital Markets and MUFG are acting as co-managers for the proposed preferred stock offering.

The proposed offering will be made only by means of a prospectus.

About D. Otani Produce

In business since 1989, D. Otani Produce, Inc. has grown into one of Hawaii’s largest produce wholesalers, enjoying business with hotels, restaurants, local business institutions. We are also a major distributor to Hawaii’s retailers.

Get in touch

D. Otani Produce
1321 Hart St
Honolulu, HI 96817

Phone: (808) 509-8350

US Federal Contractor Registration