Private equity firm Cerberus Capital Management LP, owner of the Albertsons grocery chain, agreed to buy Safeway for more than $9 billion.
In the 1980s, Safeway was the target of a hostile takeover which they thwarted by the poison pill tactic of taking on a huge amount of debt. The move made them unattractive but was a millstone around the corporation's neck.
If you read the list of grocery stores controled by Cerberus, it is quite extensive. Have your cookie ready as you enter his domain.
http://www.nbcnews.com/business/business-news/albertsons-owner-buy-safeway-more-9-billion-n46416
In the 1980s, Safeway was the target of a hostile takeover which they thwarted by the poison pill tactic of taking on a huge amount of debt. The move made them unattractive but was a millstone around the corporation's neck.
If you read the list of grocery stores controled by Cerberus, it is quite extensive. Have your cookie ready as you enter his domain.
http://www.nbcnews.com/business/business-news/albertsons-owner-buy-safeway-more-9-billion-n46416