From FORBES:
“After a long courtship, private equity giant Cerberus Capital Management agreed to buy Safeway for over $9 billion on Thursday afternoon.
Safeway, the 2nd-largest grocer in the US, will merge with Albertsons, the 5th-largest grocer, which Cerberus bought from SuperValu last year. The deal will give Safeway shareholders an estimated $40 per share, including $32.50 in cash.”
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