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US: Safeway grocery chain receives several buyout suitors

By  |  October 23, 2013

Sources say the nation’s largest grocery chain Safeway has seen interested parties for a buyout that has the potential to become one of the largest acquisition deals since the financial crisis, say reports.

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    Among the suitors is Cerberus Capital Management, sources say Tuesday. While Safeway is not currently up for sale, reports say the company is aware of buyout interest and is seeking advising from Goldman Sachs.

    While a bid has yet to materialize for the company, reports say the interest is encouraging news for the economy, which has seen few mergers nearing $10 billion since the financial crisis began in 2008.

    Full content: Reuters

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