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$9.2B Merger of Grocery Giants Checks Out

2015-02-04 09:02:56| Grocery - Topix.net

BOISE, ID and PLEASANTON, CA-Days after the Federal Trade Commission gave its final okay, the $9.2-billion merger of grocery giants Albertsons and Safeway has been loaded into bags and the buyers have been handed their receipt. The acquisition of Pleasanton, CA-based Safeway by a Cerberus Capital Management -led investor group creates a network of 2,230 stores, 27 distribution facilities and 19 manufacturing plants across 34 states and the District of Columbia.

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