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1 hr ago | Business Journal
If you look at the $9.2 billion that Cerberus Capital Management agreed to pay for Safeway and apply a similar valuation to Kroger , you can come up with figures ranging from about $90 to more than $100 per share for the Cincinnati-based supermarket operator.
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The company's United States retail operations are located principally in California, Hawaii, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area, and the Mid-Atlantic region.
Erin Doran is the new director of operations at the the Downtown Great Falls Association.
Northern California's undisputed grocery giant has been purchased by the private equity firm Cerberus Capital Management in a $9.4 billion deal that essentially merges the Bay Area's dominant grocery chain with Albertsons.
It's certainly not in every instance, although sometimes it seems like it, when a merger is announced some law firm pops out a new release informing shareholders that a law firm is investigating the transaction for any possible breach of fiduciary duty.
This week, Unilever was gain rumoured to be looking to sell a food brand - this time Ragu pasta sauces.
AB Acquisition is the Cerberus-controlled entity that owns the Albertson's supermarket banners, among others.
Safeway Inc. began as Skaggs , which opened its first store in 1915 and grew into Safeway in 1926, which has been a mega grocery store for close to 100 years.
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Safeway Inc. concerning the proposed acquisition of the Company by the private equity firm, Cerberus Capital Management, L.P. .
SWY has been the subject of a number of other recent research reports. Analysts at Susquehanna upgraded shares of Safeway to a "neutral" rating in a research note on Friday.
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Safeway, Inc. related to the sale of Safeway to AB Acquisition LL.
Analyst sees groceries as 'massive' opportunity for Amazon Amazon.com's grocery initiative, Amazon Fresh, could spark a new, long-term growth spurt for the company, research firm PiperJaffray wrote in a note to investors earlier today.
Sacramento County District Attorney Jan Scully announced Thursday that Safeway Inc. has agreed to settle a civil law enforcement action that alleges the company engaged in false advertising and unfair competition, and violated a 2008 injunction.
Safeway Inc. agreed to settle and pay $2.25 million in civil penalties and restitution for false advertising and unfair pricing, the Santa Cruz County District Attorney's Office announced Thursday.
With about 2,600 local employees between its Pleasanton grocery stores and headquarters' operations, Safeway is the city's second largest employer.