- CNBC's David Faber reports that Albertsons (ACI) lowered the expected price of its IPO to $16 vs. a prior anticipated range of $18 to $20.
- That's not great news for Kimco Realty (KIM -2.0%), with the company holding a stake of ~8%.
- Seeking Alpha's Donovan Jones has a full preview of the Albertsons IPO, in which he says he likes the company's free cash flow yield and market dominance.