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Cerberus Exploring Acquisition of Safeway

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After swallowing up a huge part of the Supervalu portfolio earlier this year, private equity giant Cerberus Capital Management may be looking to buy Safeway, according to our sister publication, Supermarket News. Safeway has hired Goldman Sachs to explore a potential sale of the company. Safeway's stock is currently viewed as undervalued, at $39 per share. An analyst quoted by SN estimates that the grocer could get as much as $56 per share in a leveraged buyout. 

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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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