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Analysts Encourage Kroger to Bid for Safeway

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While the deal between Cerberus Capital Management and Safeway has already been announced, retail analysts are urging supermarket operator Kroger to put in a bid before the buyout is finalized, according to our sister publication Supermarket News. Once Safeway merges with Cerberus-owned Albertsons chain, Kroger will be facing a giant competitor, the analysts say. If the company could put in a competing bid at $35 to $37 per share, it might make sense to do so. Karen Short, a New York-based ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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