BOISE, Idaho -- Albertsons Inc., the nation's No. 2 supermarket chain and the No. 4 drug chain by sales volume, is considering putting itself up for sale.
The retailer announced that its board of directors is exploring "strategic alternatives," including the possible sale of the company, in a bid to increase shareholder value. Albertsons has hired Goldman Sachs & Co. and Blackstone Group LP as financial advisers to assist in the process.
Investors responded positively to the news. The company's shares jumped 23% in morning trading on the day of the announcement. But the debt rating agency Standard & Poor's (S&P) said that same day that it might cut its …
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