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Bloomberg: Cerberus Capital Management lead bidder for Safeway
NEW YORK — New Albertsons is on its way to becoming more than 1,300 stores larger. Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter.
Cerberus is the only firm willing to swallow Safeway whole, the paper reported.
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Walmart sees Q4 sales increase of 1.4%
BENTONVILLE, Ark. — Walmart knew fourth quarter results and its outlook would be weak so it gave investors Thursday morning something more substantial to digest by announcing plans to double the number of small format stores it will open this year and an increased omnichannel focus.