| Safeway and Albertsons to merge in $9 billion deal
The Seattle Times, March 7, 2014 Friday
Albertsons and Safeway, the nation's second-largest grocery chain, said Thursday that they will merge under the control of the company that owns Albertsons. Safeway's CEO, Robert Edwards, will become the CEO of the new combined chain. Bob Miller, Albertsons' CEO, will become executive chairman. Albertsons' parent, AB Acquisition, a unit of an investor group led by New York private-equity firm Cerberus Capital Management, will acquire all outstanding shares of Safeway, the companies said in a...