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 media.
March 6, 2014, 2:44 p.m.. 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
Planned Safeway sale inflames passions,Planned Safeway sale to Albertsons parent company stirs shoppers' passions on social media.
(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