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

Co-founder and editor of AdPulp. 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. I worked for seven agencies in five states before launching my own practice in 2009. Today, I am head of brand strategy and creative at Bonehook in Portland, Oregon.