- 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.
Report: Cerberus close to locking up Safeway deal
Feb 21 2014, 12:52 ET