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Supervalu Articles

Safeway Sold for About $9.4 Billion 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 …

Grocery Store Falls For $10 Million Phishing Scam

Supervalu, a large grocery store chain was involved in a phishing scam that duped the company into sending $10 million to fraudulent bank accounts, according to federal court filings.