Kroger in Talks to Scoop Up Some Safeway Stores

Safeway would prefer to be sold as a whole

   

Kroger in Talks to Scoop Up Some Safeway Stores

Kroger (KR) is interested in buying part of Safeway’s (SWY) operations, according to a source close to the matter.

KrogerLogo Kroger in Talks to Scoop Up Some Safeway StoresKroger is the largest supermarket chain in the U.S. and they’ve also talked to Cerberus about buying some Safeway stores that they may not want. Cerberus is the private-equity firm that is the lead bidder for the chain.

Safeway is the nation’s second-largest grocery chain and an industry insider said that it would prefer to sell its operations as a whole, not in parts.

KR stock is up about 2.45% Wednesday. SWY stock also benefitted from the news as company shares are up about 1.75% today.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/kroger-safeway-kr-stock-swy-stock/.

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