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Business

>> CERBERUS Latest News

OCT 24, 2013 - Los Angeles Times

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Rumors of buyout talks drive Safeway stock gains

A Safeway acquisition by Cerberus would create a coast-to-coast grocery giant. Buyout interest comes as Safeway seeks to revamp in the face of fresh competition from nontraditional retail rivals.Safeway Inc. shares have climbed for two straight days on speculation of a buyout offer just weeks after the grocery giant deflected another potential takeover.    

Tags: Rumors of buyout talks drive Safeway stock gains,  Cerberus Latest News