Tag: cerberus
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Albertsons Parent Cerberus Buys Safeway for $9 Billion
from latimes.com: Albertsons parent Cerberus Capital Management is setting its sights on the grocery throne currently occupied by Kroger, buying up rival Safeway Inc. in a deal valued at more than $9 billion. Through its AB Acquisition arm, Cerberus said Safeway shareholders will receive $40 a share, including $32.50 a share in cash. Board members…