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Albertsons IPO Publicly Filed with SEC to Go Public

In 2015, an Albertsons IPO was filed with the SEC. Investors were eager to get a share in the large grocery chain. But Albertsons’ stock never hit the market.
Now, five years later, Albertsons is once again moving forward in the IPO process. But when can investors expect to see Albertsons on the market? Here’s what we know…
Albertsons IPO: The Business

Albertsons is an American grocery company. Its headquarters are in Boise, Idaho, where the company was founded. Currently, private investors own the company. The biggest is Cerberus Capital Management. In April 2019, Vivek Sankaran from PepsiCo (Nasdaq: PEP) was hired as …read more […]

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Texas Oil at $2 a Barrel Raises Specter of Negative Prices

(Bloomberg) — Crude prices in America’s oil capital are getting dangerously close to zero.Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for some oil streams, a precipitous markdown from a month ago. The slumping value of physical barrels is raising the possibility that Texas producers may soon have to pay customers to take crude off their hands.Negative prices have already hit more obscure corners of the American oil market amid a bearish trifecta of collapsing demand, swelling supplies and limited storage capacity. The first U.S. grade to bid …read more […]

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Analysts Can’t Explain Why Liberty Holding Shares Jumped 944%

(Bloomberg) — Liberty TripAdvisor Holdings Inc.’s crazy week left analysts scratching their heads about what might have caused the stock to surge as much as 2,700% in one session.The series B shares soared on unusually high volume, and Wednesday’s move was so inexplicable that the company issued a statement indicating it was “not aware of the reasons for the recent volatility in its stock price.” The stock pared gains on Friday, trimming its weekly advance to 944%, still by far the biggest move in the company’s five-and-a-half year trading history.“I don’t see any fundamental grounds for this sort of move,” …read more […]