Dow Jones reports that Albertsons CFO Felicia Thornton has told the Bank of America Securities Consumer Conference economic factors have made the climate for mergers and acquisitions a lot more amenable, and prices and multiples have dropped.
Thornton reiterated that Albertsons has an executive in place to focus expressly on mergers and acquisitions.
Thornton reiterated that Albertsons has an executive in place to focus expressly on mergers and acquisitions.
- KC's View:
- Expect to see more activity from Albertsons on this front soon. The only question is how big the deals will be.. and we sort of think that it has something significant brewing.
