Acme Parent Company Buys Safeway for $9 Billion

Acme Markets’ corporate parent, the Albertsons grocery-store chain, on Thursday purchased Safeway Inc., for about $9 billion.

Albertsons is controlled by an investor group led by Cerberus, a New York-based private-equity firm. Other investors included Philadelphia-based Lubert-Adler Partners, Kimco Realty Corp., Klaff Realty L.P., and Schottenstein Real Estate Group.

With the purchase of Safeway, the group will now control about 2,400 grocery stores, making it one of the largest chains in the country.

Read more at http://www.philly.com/philly/business/20140307_Acme_parent_company_buys_Albertsons_for__9B.html#yfZ07Jksrr6jsbWd.99

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Giant Food Stores To Acquire 16 Genuardi’s Family Markets In Philadelphia Area

English: Logo of Giant Food Stores LLC. also k...

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Giant Food Stores, LLC, is making a competitive push into the suburban Philadelphia market.

The Carlisle-based chain announced Thursday it has entered into an agreement to acquire 16 Genuardi’s Family Markets in the Philadelphia area for $106 million.

The transaction is expected to close over the next six months at which point the ownership will be transferred from Safeway Inc. and the stores converted into Giant Food Stores.

Read more: http://www.pennlive.com/midstate/index.ssf/2012/01/giant_food_stores_to_acquire_1.html

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