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Cerberus to Buy Safeway in $9B Deal


It's official--Cerberus Capital Management, the private equity giant that already owns a vast collection of former Supervalu brands, agreed to buy Safeway grocery chain for $9 billion. As expected, the deal will be heavily financed by debt--$7.6 billion of it. The rest of the money will consist of $1.25 billion in equity contributions from Cerberus' investors and partners and cash, according to our sister publication, Supermarket News (SN). Safeway will now become part of AB ... Freemium Content

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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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