Report: Cerberus close to locking up Safeway deal

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

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.