Tuesday, May 30, 2017

Albertsons can’t find a grocery chain to take over

Image result for albertson's Cerberus Capital-controlled Albertsons, America’s second-largest grocery chain, had approached Sprouts Farmers Market months ago, but Sprouts is now trading at too high a multiple for a transaction to happen, two sources close to the situation said.

Albertsons also sniffed around Whole Foods Market in what could be a $14 billion merger, but Whole Foods has not been a willing seller, one of the sources said.. . . more

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