Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing.
Safeway Inc. (Safeway) is a food and drug retailer in North America. Shares of SWY fell by 0.03% or $-0.01/share to $39.47. In the past year, the shares have traded as low as $22.26 and as high as $39.90. On average, 4452500 shares of SWY exchange hands on a given day and today's volume is recorded at 14880616.
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