March 6 Private equity firm Cerberus Capital
Management is close to announcing a deal to acquire U.S. grocer
Safeway Inc for more than $9 billion, according to a
person familiar with the matter.
The deal, which values Safeway at around $40 per share,
could come as early as Thursday afternoon pending final approval
from the company's board of directors, the person said, who
asked not to be named because the matter is not public.
Reuters first reported on Feb. 21 that Cerberus was in
advanced talks to buy Safeway and was trying to finalize an
agreement within weeks.
Cerberus declined to comment, while Safeway did not
immediately respond to requests for comment.