Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about US$9.4 billion.
The offer price of US$40 per share represents a premium of 1.3% to Safeway’s Thursday closing stock price of US$39.47 on the New York Stock Exchange.
The deal combines Safeway with Cerberus’ Albertsons chain, creating a dominant grocery franchise on the West Coast. It also creates a grocery network of more than 2,400 stores and 250,000 employees.
BAKERSFIELD, Calif. — A central California retirement home is defending one of its nurses who refused pleas by a 911 operator to perform CPR on an elderly woman who later died, saying the nurse was following policy.
“Is there anybody that’s willing to help this lady and not let her die,” dispatcher Tracey Halvorson says on a 911 tape released by the Bakersfield Fire Department aired by several media outlets on Sunday.