Cerberus Closes Deal On Albertsons With Caveat – ValueWalk Premium
safeway Inc. SWY

Cerberus Closes Deal On Albertsons With Caveat

Cerberus Capital Management, the private equity firm that owns grocery store chain Albertsons, has closed the deal with Safeway Inc. (NYSE:SWY), but a final bailout clause still leaves an opening for competing grocery chain The Kroger Co. (NYSE:KR).

According to a report in the Wall Street Journal, Safeway Inc. has agreed to an acquisition price “just over $40 a . . .

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