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Supermarket giant Albertsons filed for IPO

BOISE, Idaho Supermarket operator Albertsons Cos.,the No. 2 U.S. supermarket company whose brands include Safeway, filed Wednesday for an initial public offering of stock. The Boise company did not say how many shares it would offer, what they would cost or where those shares would trade. It expects to raise $100 million from the offering, though that figure is only an estimate used to calculate a filing fee. Proceeds from the offering would be used to repay debt and for general expenses. Albertsons closed its $8 billion buyout of Safeway in January, significantly increasing the company's size. It is now the largest company based in Idaho, measured by revenue and by employment. ...

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