P-E firms reportedly eying Safeway

|About: Safeway Inc. (SWY)|By:, SA News Editor

Reuters reports Cerberus and other P-E firms are "exploring a deal for all or part" of Safeway (SWY). The supermarket chain is said to be reviewing its options with Goldman's help.

The report comes a month after activist investor Jana Partners disclosed a 6.2% stake in Safeway. Since then, Safeway has announced plans to abandon its money-losing Chicago ops, and has launched a new $2B buyback program. The company is in the midst of selling its Canadian ops to Empire Co. for $5.7B; Canadian regulators just signed off on the deal.

Shares finished AH trading up 4.1%.