Kroger 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.