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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)
  • 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
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