Report: Cerberus close to locking up Safeway deal


Cerberus is closing in on a purchase of Safeway (SWY +3.9%) after months of talks, according to Reuters.

A leveraged buyout deal could be announced within weeks.

The P-E firm owns the Albertsons chain and could generate some significant synergies through shared costs of the two grocery store operators if antitrust issues can be resolved.

From other sites
Comments (1)
  • arami32
    , contributor
    Comment (1) | Send Message
     
    the question is the transaction of safeway's purchase & merge will Cerberus close safeway for good and take the money and run
    10 Mar 2014, 10:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs