Albertson’s Chooses To Hold

USA TODAY: Albertson’s is no longer considering a sale of the entire company, officials said late Thursday after CVS and other potential suitors withdrew from talks.
The nation’s second-largest grocery store company said it will continue talks with “several parties” interested in buying its underperforming divisions.
Dave Parker, Albertson’s vice president of investor relations, said in a telephone interview that the Boise-based company decided against selling the whole company because it had not received a bid it found acceptable.

About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. Today—after working for seven agencies in five states—I am head of brand strategy and creative direction at Bonehook in Portland, Oregon.