Albertsons $750 million accelerated share repurchase

Davis Polk advised Albertsons Companies, Inc. in connection with an accelerated share repurchase transaction pursuant to which Albertsons is repurchasing an aggregate of $750 million of its Class A common stock. Under the terms of the transaction, Albertsons will receive an initial delivery of approximately 35.4 million shares from the dealer. The total number of shares to be repurchased under the transaction will be based on the average of the daily volume-weighted average share prices of Albertsons’ Class A common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms of the transaction. The final settlement of the transaction is expected to be completed in the first quarter of 2026.

Albertsons Companies is a leading food and drug retailer in the United States. The company operates stores across 35 states and the District of Columbia under well-known banners including Albertsons and Safeway.

The Davis Polk equity derivatives team included partner Mark M. Mendez and counsel M. Faisal Baloch. All members of the Davis Polk team are based in the New York office.