In article >,
Janet Bostwick > wrote:

> Albertsons Owner to Buy Safeway for More than $9 Billion
>
> The owner of Albertsons grocery stores is buying Safeway Inc., the
> second-largest U.S. mainstream grocery store operator, in a deal
> valued at about $9.4 billion.
>
> The offer price of $40 per share from private equity firm Cerberus
> Capital Management represents a premium of 1.3 percent to Safeway's
> Thursday closing.
>
> Private equity firm Cerberus Capital Management LP, owner of the
> Albertsons grocery chain, agreed to buy Safeway for more than $9
> billion.
>
> In a statement on the Albertsons website, the company said the deal
> "will create a diversified network that includes over 2,400 stores, 27
> distribution facilities and 20 manufacturing plants with over 250,000
> dedicated and loyal employees. No store closures are expected as a
> result of this transaction."
>
> Bob Miller, Albertsons current CEO, will become executive chairman.
> Robert Edwards, Safeway’s president and CEO, will become president and
> CEO of the combined company.
>
> The combined company will operate: Safeway, Vons, Pavilions, Randalls,
> Tom Thumb, Carrs, Albertsons, ACME, Jewel-Osco, Lucky, Shaw’s, Star
> Market, Super Saver, United Supermarkets, Market Street and Amigos in
> 34 states and the District of Columbia.
>
>
> The deal is expected to close in the fourth quarter.
>
We'll occasionally pick up odds and ends at Albertson's and Safeway. I
prefer QFC (owned by Kroger) and the local chains, such as Central
Market, Top, Metropolitan Market, and Thriftway. The Albertson's in Lake
Forest Park is okay, but I refuse to buy any perishables at the one on
Aurora Avenue in Seattle.

If Wegman's wants to move to Seattle, we'd shop there.

Cindy

--
C.J. Fuller

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