In spite of some people’s hopes that mid-market supermarket chain Safeway may be bought and turned around by The Kroger Co., the most likely scenario appears to be a leveraged buyout by Cerberus Capital Management. Safeway simply isn’t appealing enough to a grocery operator, industry experts say. Last week, it emerged that Safeway was conducting negotiations about a possible sale with Cerberus, the private equity firm that bought the Albertsons portfolio and several other chains ...
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