(MENAFN) Cerberus Capital Management LP"s Albertsons said that Safeway Inc., the second-largest U.S. grocery-store chain, approved in a deal to be sold at around USD9.2 billion, according to the Daily Star
Safeway investors will receive about USD40 per share, and stock in its gift-card unit Blackhawk Network Holdings Inc
Safeway CEO Robert Edwards said: "This merger will improve our competitive position. Our customers will benefit from significant cost saving synergies and a stronger management team."
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