date:Feb 20, 2014
private. A Safeway spokesperson could not immediately be reached for comment on the talks with Cerberus. Cerberus declined to comment.
Wednesday's news comes as the operator of chains such as Safeway, Vons and Dominick's tries to fend off tough competition in the grocery aisle from traditional players such as Kroger Co (KR.N), warehouse club Costco Wholesale (COST.O), discounter Wal-Mart Stores Inc (WMT.N) and dollar stores.
The company had also been pressured by activist investor Jana Partne