Private equity firm Hellman & Friedman LLC is close to buying privately held supermarket chain Grocery Outlet Inc, the Wall Street Journal reported, citing people with knowledge of the matter. The deal, which could be announced by Monday, would cap an auction involving several takeover firms, the Journal reported. First-round offers for Grocery Outlet valued it at more than $1.1 billion, the newspaper cited the people as saying. (on.wsj.com/1qWF4XW)The supermarket chain's owner, Berkshire Partners LLC, had hired Barclays Plc and Goldman Sachs Group Inc to run a sale process for the company, people close to the matter told Reuters in mid-June.The sale was expected to value the California-based retailer at more than $1 billion, they had said.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 0.6% or $-0.0907/share to $15.01. In the past year, the shares have traded as low as $13.96 and as high as $19.59. On average, 3007640 shares of BCS exchange hands on a given day and today's volume is recorded at 1082562.
The Goldman Sachs Group, Inc. (Goldman Sachs), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.07% or $0.12/share to $183.29. In the past year, the shares have traded as low as $151.65 and as high as $183.47. On average, 2414040 shares of GS exchange hands on a given day and today's volume is recorded at 1036558.
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