Tag: Cerberus Capital

Cerberus Capital to buy Safeway for about $9.4 billion

Thu Mar 6, 2014 5:51pm EST (Reuters) – Safeway Inc, 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 represents a premium of 1.3 percent to Safeway’s Thursday closing stock price of $39.47 on the New York Stock Exchange. The deal combines Safeway with Cerberus’ Albertsons chain, creating a dominant grocery […]