safeway closing
Albertson's Parent Company Cerberus Buys Safeway
Submitted by paula on Thu, 03/06/2014 - 5:47pm
Pleasanton-based Safeway has reached a preliminary deal to be sold for more than $9 billion to the private equity firm Cerberus Capital Management, the owner of Albertsons and several other supermarket chains.
After a less than stellar net earnings in the fourth quarter of 2013, Safeway had announced in February that they may be looking for a buyer.
