Reuters: Safeway a target for possible buyout

NEW YORK — All or part of Safeway soon may be a target for a possible buyout, according to a Reuters report published Wednesday morning citing people familiar with the matter. 

According to the report, several buyout firms, including Cerberus Capital Management, are exploring a deal for the supermarket chain currently valued at $8 billion. 

Safeway is not running an auction; however, executives are aware of the interest and are reviewing options with Goldman Sachs Group, Reuters reported. 

 

 

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