Albertsons Announces Review of Strategic Alternatives

The review will include an assessment of various balance sheet optimization and capital return strategies, potential strategic or financial transactions and the development of other strategic initiatives.

• The board of directors of Albertsons has commenced a board-led review of potential strategic alternatives aimed at enhancing its growth and maximizing shareholder value.

• Albertsons has retained Goldman Sachs and Credit Suisse to serve as financial advisors to assist in this review.

• The board has not set a timetable for the conclusion of this review. In addition, there can be no assurance that the review will result in any transaction or other strategic change or outcome.

• No further comments will be discussed until it determines that further disclosure is appropriate or necessary.

SOURCE: Progressive Grocer and Drug Store News