Safeway takeover buzz ramps up

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

A bid by Cerberus to buy Safeway (SWY +1.7%) has been complicated by the emergence of Kroger (KR +2.4%) as a potential bidder for part or all of the company, reports the WSJ.

Inside sources still give the nod to Cerberus as the favorite to win out due to the risk that a Kroger takeover won't sit well with regulators.

Shares of Safeway are up 30% over the last 30 days off the takeover buzz.