Cerberus Capital to buy Safeway for about $9.4 bln

March 6 Thu Mar 6, 2014 5:06pm EST

March 6 (Reuters) - Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.

The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.