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US: Albertsons talking with Sprouts about a merger

By  |  March 20, 2017

Grocery business Albertsons held preliminary talks to merge with Sprouts Farmers Market, Bloomberg reported on Sunday, citing people familiar with the situation.

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    Bloomberg said the early stage discussions took place in recent weeks and involved a plan to take Sprouts private. Doing so would add the natural and organic foods-focused business to the Albertsons suite of supermarket brands, which includes Safeway, Vons and Shaw’s.

    Albertsons is backed by private equity firm Cerberus Capital Management. Representatives for Albertsons and Sprouts did not immediately respond to requests for comment, while a spokeswoman for Cerberus declined to comment.

    Full Content: Bloomberg

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