Wednesday, 27 August 2014
Last updated 11 hours ago
Mar 7 2014 | 3:08am ET
Cerberus Capital Management is to buy grocery giant Safeway Inc. and will merge it with another supermarket chain it already owns.
The private-equity firm will pay more than $9 billion for Safeway, the second-largest supermarket chain in the U.S. The deal follows months of talks between the two sides and includes a break-up fee of between $150 million and $250 million, should a higher offer emerge during Safeway’s go-shop period.
Among the potential competitors during that period is Kroger Co., which last year beat out Cerberus for Harris Teeter Supermarkets.
The combined Safeway-Albertsons would have more than 2,400 stores.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...