All Posts Tagged Tag: ‘Cerberus’

Safeway Sold for About $9.4 Billion

Safeway Inc., the second largest U.S. grocery store chain, said Thursday it agreed to be acquired by the supermarket chain Albertson’s, which is backed by the private equity firm Cerberus Capital Management, for about $9.4. billion. Albertson’s offer price was $40 per share, which is a little upside overall from current market share prices. Safeway closed at the New York …

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AT&T Selling Yellow Pages to Cerberus for $950M

AT&T Inc. announced on Monday that it would sell the majority of its ownership of the Yellow Pages business to the private-equity firm Cerberus Capital Management for $950 million. The sale is indicative of AT&T getting rid of shrinking aspects of its business, to better focus on those that are growing, like wireless. Consumers have been using the web to …

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