Seeking Alpha

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.
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, 10:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|