U.S. grocery retailer Albertsons Companies Inc (ABS.N) plans to delay its initial public offering beyond Thursday, until market conditions become more favorable, according to a person familiar with the matter.
Albertsons now has no timetable for the IPO, but pricing it on Thursday, or even in the short term, would be highly unlikely, the person said on Wednesday, asking not to be identified because the deliberations are confidential.
Albertsons did not immediately respond to a request for comment.
To read the rest of the story, please go to: Reuters