3 Mergers and Acquisitions Stock Stories Ready for Due Diligence
Safeway Inc. (NYSE:SWY): Current price $35.57
Harris-Teeter may not be the only supermarket that’s acquired this year. Sources told Reuters that a handful of buyout companies, among them Cerberus Capital Management LP, are looking at a deal for all or part of supermarket chain Safeway Inc. in what could potentially turn out to be one of the biggest leveraged buyouts since the financial crisis. As the No. 2 American mainstream grocery store operator with a market value of more than $8 billion, Safeway is not currently conducting an auction, but it is aware of the buyout interest and is examining options with adviser Goldman Sachs Group, according to the sources.