Tag Archives: Albertson

Safeway Finally Plans To Distribute Remaining Blackhawk Stake

By |
0 Comment

The dance is finally over and Safeway (SWY) has found its suitor. After a lot of speculation, the grocer agreed to be acquired by Cerberus owned Albertson’s for ~$9b. While that would normally put the company in the hands of merger arbitrage players, the company still has some unfinished spinoff business. Back in 2012, the company announced plans… Read More »

How Much Longer Will Albertson’s Be A Supervalu?

By |
3 Comments

Supervalu (SVU) is one of America’s largest grocery chains, but it only became so with its 2006 purchase of over 2,000 Albertson’s stores. Prior to that, Supervalu had been primarily a wholesale business, and it continues to remain a large grocery wholesaler. Yesterday, the stock plummeted after hours when the company reported declining earnings, suspended its dividend, suspended… Read More »