date:Mar 10, 2014
Albertsons, an affiliate of Cerberus Capital Management L.P., has entered into an agreement to acquire retailer Safeway, Inc., Pleasanton, Calif., for an estimated total purchase price of $9 billion.
Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. Additionally, shareholders will have the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share. The proceeds are from the sale of the a