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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| December 05, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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Albertsons buyout bid looming

Three groups will wrap up preparations for their bids this weekend to buy Albertsons, the nation's No. 2 supermarket chain, says a report in The Financial Times. The long-struggling grocer, which seeks a deal, could fetch up to $16 bil. The bidders, which face a Tuesday deadline, include mostly private equity investors, plus some grocery rivals. Shares rose 2% to 24.16.

** Walgreens' same-store sales rose 7.8% in Nov., beating views of 7.1%. Front-end comps were up 8% while pharmacy comps rose 7.7%. Shares edged up 6 cents to 46.17.

** Ann Taylor, a women's clothing chain, was upgraded to a buy by Wedbush Morgan Securities. The analyst pointed to positive momentum and prospects for better margins. Shares rose 2% to 32.01.

** Gap's shares rose 2.5% to 17.79 after Lazard Capital Markets raised its rating on the struggling ...

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