Arab Today, arab today albertsons safeway to merge in 91bn deal
Last Updated : GMT 19:26:42
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Albertsons, Safeway to merge in $9.1bn deal

Arab Today, arab today

Arab Today, arab today Albertsons, Safeway to merge in $9.1bn deal

New York - AFP

US supermarket chains Safeway and Albertsons Thursday agreed to merge in a $9.1 billion deal that will create a  giant with more than 2,400 stores and 250,000 employees.Under the deal, Albertsons owner Cerberus agreed to pay $40 a share for Safeway. The two companies said the scale of the combined operation would enable them to cut costs and offer competitive prices to consumers.

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