Albertsons Cos. Inc. ACI, -1.92% said late Monday its board is looking at “potential strategic alternatives aimed at enhancing Albertsons’ growth and maximizing shareholder value,” including what the company described as “potential strategic or financial transactions” as well as “responding to inquiries.” The grocery chain has hired Goldman Sachs and Credit Suisse to serve as financial advisers to assist in the review, it said. “The board believes the continuing strength of our business and the scale of our portfolio of assets warrants a deep and considered review of all possible paths towards maximizing value creation,” board co-chair Chan Galbato said in a statement. Albertsons operates more than 2,270 stores in 34 states as well as “growing digital and omnichannel capabilities,” the company said. No timetable has been set, and no decisions made, Albertsons said. The company said it won’t comment further until further disclosure “is appropriate or necessary.” Shares of Albertsons rallied more than 9% in the extended session after the news. The stock ended the regular trading day down 2%.
