Safeway

Albertsons parent Cerberus Capital Management is setting its sights on the grocery throne currently occupied by Kroger, buying up rival Safeway Inc. in a deal valued at more than $9 billion. Through its AB Acquisition arm,  Cerberus Management is still looking to secure its $9 billion bid for Safeway, although Kroger is now getting in … Read more

PLEASANTON — Safeway announced on Thursday it had been bought by private equity firm Cerberus Capital Management in a $9.4 billion deal that will merge the Bay Area's dominant grocery chain with Albertsons, creating a massive chain that promises to  Thursday night's announcement that Cerberus Capital Management will acquire Safeway Inc. (NYSE: SWY) for $40 … Read more

Albertsons and Safeway, two of the largest grocery store chains in the U.S., will merge, the companies announced Thursday. The move will create a network of 2,400 stores, 27 distribution facilities and 20 manufacturing plants with more than 250,000  Planned Safeway sale inflames passions,Planned Safeway sale to Albertsons parent company stirs shoppers' passions on social … Read more

(Reuters) – Safeway Inc (SWY.N), the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share Safeway Inc. began as Skaggs, which opened its first store in 1915 and grew into Safeway in … Read more

As a general rule in business, companies that attract the pockets of large private equity firms, especially ones named after a mythical three-headed hellhound, are in deep trouble. Safeway Inc.'s decision to sell itself to Cerberus Capital Management Local customers of Safeway and Albertsons want to know how the merger will affect them and their … Read more

AB Acquisition will spend more than $9 billion for grocery store giant Safeway (SWY) in a deal that AB says will pay out $40 per share and create a grocery company with thousands of stores and 250,000 workers. Skip to next paragraph. Related stories  Cereberus Capital Management may soon be growing its grocery business. The … Read more

Albertsons parent to buy Safeway for $7.6 billion,The owner of Albertsons has agreed to acquire Safeway in a shakeup of the highly competitive local grocery market. Private equity firm Cerberus Capital Management has offered to buy Safeway, Inc., the nation's second-largest grocery chain, for a reported $9.4 billion. Cerberus plans to merge Safeway with another … Read more

Albertsons parent to buy Safeway for $7.6 billion,The owner of Albertsons has agreed to acquire Safeway in a shakeup of the highly competitive local grocery market. Safeway and Albertsons said Thursday that they have agreed to a merger in which AB Acquistion, the parent of Albertsons, will acquire Safeway for a total value to Safeway … Read more