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Report: Cerberus seeks $9 billion deal for Safeway as Kroger weighs bid

from FOX Business

Cerberus Capital Management is reportedly looking to wrap up a $9 billion deal for Safeway, while rival grocery chain Kroger considers a possible bid. Safeway revealed last month that it was speaking to potential buyers, calling the conversations "ongoing." The Pleasanton, Calif., company also reported stronger-than-expected earnings for the fourth quarter. more

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