Kroger dips after Cerberus-Safeway deal reported

|About: Kroger Co. (KR)|By:, SA News Editor

Shares of Kroger (KR -0.6%) are down slightly from their daily highs after the WSJ reports that Cerberus has struck a deal for Safeway at $40 per share.

Kroger was thought to be more interested in buying pieces of Safeway rather than bid for the whole company.

Earlier: Kroger's earnings and guidance impress

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