Apollo Global fund buys preferred stock in Albertsons
Apollo Hybrid Value Fund led the purchase of $1.75 billion worth of convertible preferred stock in the food and medicine company.
Apollo Global Management Inc., has led the purchase of $1.75 billion worth of convertible preferred stock in food and medicine company Albertsons Cos. Inc.
The acquisition, made by Apollo Hybrid Value Fund LP, is expected to close June 15, subject to customary closing conditions.
Existing shareholders in Albertsons plan to repurchase a portion of out...