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March 7th, 2014
08:32 PM ET

Massive grocery store merger raises food price questions

The No. 2 grocery-store operator in the U.S. has been gobbled up by a very hungry private equity firm.

Cerberus Capital Management bought Safeway for $9.4 billion in a deal that will merge the grocery chain with Albertsons, which the firm previously bought.

Cerberus is hoping the now massive chain will be able to cut costs and better compete with big-box retailers like Costco.

Safeway shares fell following the news.

Joining us tonight with some more perspective is Daily Beast Columnist Daniel Gross.


Filed under: Business
soundoff (2 Responses)
  1. dpbenesch

    Looking to cut costs? Don't know how much worse Safeway can get, frankly. They are terribly ran out here in the Mid-Atlantic, at least.

    April 2, 2014 at 8:14 pm | Reply
  2. gahh

    I don't shop at either store, especially Albertson's. Never buy Albertson's meat, it's old and scary. Tom Thumb was a great store, but everything cost a dollar more per item, than at other stores.

    March 26, 2014 at 7:09 pm | Reply

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