Does Cerberus own Albertsons and Safeway?

Albertsons-Safeway is owned by private equity firm Cerberus Capital Management. With 275,000 employees, it is the largest private equity-owned company in the United States.

Who bought out Safeway?

Morrisons
The revival of the supermarket brand comes more than 13 years after Bradford-based Morrisons acquired Safeway in a £3bn deal. Britain’s fourth-largest supermarket chain Morrisons is resurrecting the Safeway brand as a new range of products for wholesalers and independent retailers.

Did Kroger buy Safeway?

Safeway Inc., the second-largest U.S. grocery-store chain, agreed to be bought by New York-based Cerberus Capital Management LP’s Albertsons in a deal valued at about $9.2 billion, creating a bigger competitor to Kroger Co. and big-box rivals.

How much is Safeway being bought by Cerberus?

Safeway Inc., the second-largest U.S. grocery-store chain, agreed to be bought by Cerberus Capital Management LP’s Albertsons in a deal valued at about $9.2 billion, creating a bigger competitor to Kroger Co. and big-box rivals. Safeway investors will receive about $40 a share,…

Who is the owner of Safeway grocery stores?

Cerberus, a New York-based private-equity firm, led an investor group last year that bought the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market grocery stores from Supervalu Inc. in a deal valued at about $3.3 billion.

What are the shares of Safeway going for?

Safeway investors will receive about $40 a share, consisting of $32.50 apiece in cash, plus stock in its gift-card unit Blackhawk Network Holdings Inc., according to a statement today. Safeway, based in Pleasanton, California, said last month that it was in talks about a sale of the company.

Who was the leading bidder for Safeway?

Cerberus and its Boise, Idaho-based Albertsons operations had emerged as the leading bidder for Safeway last month. The Albertsons-Safeway tie-up would create a company with more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants.