BOISE, Idaho, June 25, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. ("Albertsons" or the "Company") announced today that its initial public offering of 50,000,000 shares of its common stock had been priced at $16.00 per share (the "Offering"). All of the shares are being sold by certain of its stockholders. In connection with the Offering certain of the selling stockholders have also granted the underwriters a 30-day option to purchase an aggregate of 7,500,000 shares of the Company's common stock. The shares are expected to begin trading on the New York Stock Exchange (NYSE) on June 26, 2020, under the symbol "ACI" and the Offering is expected to close on June 30, 2020, subject to customary closing conditions. The Company will not receive any net proceeds from the sale of common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of its common stock from the selling stockholders.