Albertsons to reassess value due to Walmart's earnings report

Albertsons is reassessing its value before filing for an IPO after an announcement from Walmart that earnings were going to be much lower in the coming year than originally anticipated. Owned by private equity firm Cerberus Capital Management and other sponsors, Albertsons intended to raise as much as $1.95 billion in its initial public offering, between $23 and $26 a share. Now investors are saying a $17 per share price point is more likely. Story