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 a share in cash and stock may offer be the last gasp for supermarket chains. Big-box stores like Wal-Mart
With the merger between Safeway and Albertsons moving ahead amid ongoing consolidation in the supermarket industry, it appears the company's footprint in the Bay Area will likely get smaller. Make no mistake: the private equity and real estate firms
The U.S. Food and Drug Administration has yet to say yes or no to genetically modified salmon, but the two largest grocery stores in the country have made up their minds. Kroger and Safeway announced today that they will
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.