An investment group led by Cerberus Capital Management announced Thursday that it was acquiring Safeway in a $7.64 billion deal that includes the Florence store.
The merger, which will combine Albertsons, owned by Cerberus, and Safeway, is expected to close in the fourth quarter of 2014 and will create a network of more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants that employ more than 250,000 people. For the complete article see the 03-08-2014 issue.
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