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.
A fire believed set by an 81-year-old dementia patient blazed through a hospital ward for the elderly Wednesday and killed 21 people in southern South Korea, mostly from smoke inhalation, police and fire officials said.
The fire on the second floor of the Hyosarang Hospital in Jangseong county also injured seven people and raised concerns about lax fire regulations at a time when the nation is undergoing soul-searching about public safety following the ferry sinking last month that left more than 300 people dead or missing.