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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