"We will do this by knowing, listening to, and delighting our customers; providing the right products at a compelling value; and delivering a superior shopping experience. With respect to PDC, both the initial cash distribution ($2.412 per share) and the total estimated asset value including the CVR ($2.461 per share) have increased slightly over the estimated values set forth in Safeway’s December 23, 2014 press release announcing the sale of PDC. We will also continue to be active members of our local communities.”. Goldman, Sachs & Co. served as financial advisor to Safeway in connection with the Company’s strategic review and the transactions. Latham & Watkins LLP served as Safeway’s outside legal counsel, and The Law Offices of Richard C. Weisberg served as outside legal counsel on antitrust matters. View SN's Albertsons-Safeway merger landing page, /sites/all/themes/penton_subtheme_supermarketnews/images/logos/footer.png, The Giant Company, Wakefern pursue more sustainable retailing, Food Lion launches SNAP EBT payment for Instacart orders, Walmart to begin COVID-19 vaccinations in 22 states, © 2021 Informa USA, Inc., All rights reserved, Sidney Hopper to succeed Robert Taylor as United Supermarkets CEO, Target offers COVID-19 vaccine incentives to hourly workers, Aldi to open 100 new stores, add 500 curbside pickup sites in 2021, Vallarta Supermarkets offers meatless menu for Lent, Retailers fill the need for local produce, As the future of the workforce changes, industry leaders share their experiences, FDA warns Whole Foods over products with undeclared food allergens, Stater Bros. extends $2 hourly wage bonus into January, 10 top trends in the supermarket meat aisle in 2020, Allowed HTML tags:

. The stores locations include Bend, Eugene, Grants Pass, Klamath Falls, Baker City, and the Portland suburbs of Beaverton, Clackamas, Lake Oswego, West Linn, Sherwood. Web page addresses and e-mail addresses turn into links automatically. Media Contact: With Safeway sold, probably in the fourth quarter, shareholders will get $40 a share, most of it in cash. Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway. The deal will give Safeway … Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. It later merged the business with Safeway Inc., creating a grocery chain of 2,000 stores and 250,000 employees across the U.S. Newly combined private company will operate 2,230 grocery stores in 34 states and the District of Columbia. Safeway, the 2nd-largest grocer in the US, will merge with Albertson's, the 5th-largest grocer, which Cerberus bought from SuperValu last year. Robert Miller becomes CEO of Albertsons, New Albertsons and Safeway, said AB Acquisition, the parent company of the three retail organizations. Safeway and Albertsons owner AB Acquisition LLC, controlled by an investor group led by Cerberus Capital Management, completed their proposed merger Friday, the companies announced. Cerberus’ Acquisition of Albertsons-Safeway Albertsons-Safeway, owned by Cerberus Capital Management, is the larg-est private equity-owned company and the second largest grocery chain in the United States.2 As of September 2019, it operated 2,262 retail food and drug stores with 1,733 pharmacies, 401 fuel centers, 23 distribu- Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway. Advisors This merger creates a unified, strong organization that is dedicated to bringing a better shopping experience to more customers across the country,” commented Miller. Banners will include Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Albertsons, Acme, Jewel-Osco, Lucky, Shaw's, Star Market, Super Saver, United Supermarkets, Market Street and Amigos. Safeway and Albertsons owner AB Acquisition LLC, controlled by an investor group led by Cerberus Capital Management, completed their proposed merger Friday, the companies announced. Safeway and Albertsons have reached a definitive agreement under which AB Acquisition LLC will acquire all outstanding shares of Safeway. Safeway will file a Certification on Form 15 with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to suspend Safeway’s reporting obligations under Sections 13(a) and 15(d) of the Exchange Act. As previously announced, current Albertsons Chief Executive Officer Bob Miller will become Executive Chairman. brian.dowling@safeway.com | 925-467-3787 melissa.plaisance@safeway.com | 925-467-3136 Access and use of this system constitutes consent to system monitoring by Albertsons Companies for law enforcement and other purposes. The merger agreement was unanimously approved by the Board of Directors of Safeway. New Store Development: Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The stores will be integrated into Albertsons’ Mid-Atlantic division, alongside its existing ACME and Safeway stores. Become a BoiseDev member today. Support local journalism. For more information, please visit www.Safeway.com. Lines and paragraphs break automatically. Shop at Albertsons online store and get grocery delivered to your doorstep. In addition, shareholders will receive contingent value rights entitling them to pro rata proceeds relating to deferred consideration from the sale of PDC and any proceeds from the sale of Safeway’s 49% interest in Casa Ley. Investor Contacts: Albertsons-Safeway will be comprised of three regions and 14 retail divisions, supported by corporate offices in Boise, Idaho, Pleasanton, Calif., and Phoenix. Albertsons Companies is back in the news, but this time in a much smaller way than its massive acquisition of Safeway or its high-profile rocky relationship with Haggen. christiane.pelz@safeway.com | 925-467-3832 Safeway shareholders will receive $34.92 per share in cash, consisting of (i) $32.50 in initial cash consideration, (ii) $2.412 in consideration relating to the previously announced sale of the assets of Safeway’s real-estate development subsidiary Property Development Centers, LLC (“PDC”) and (iii) $0.008 in consideration relating to a dividend of approximately $2 million (after deduction for taxes at an assumed rate) that Safeway received in December 2014 on its 49% interest in Mexico-based food and general merchandise retailer Casa Ley, S.A. de C.V. (“Casa Ley”). Melissa Plaisance AB Acquisition LLC, parent of Albertsons, and Safeway Inc. have agreed to sell 168 stores to four separate buyers as part of the companies' $9 billion merger agreement, first announced in March and set to close in January 2015. Albertsons' outside counsel received a letter from a law firm purporting to represent more than 45 percent of the outstanding principal amount of Safeway’s 7.25 percent Senior Debentures, due February 2031 (the “SWY 2031 Notes”). Safeway and Albertsons announced a definitive agreement under which AB Acquisition will acquire all outstanding shares of Safeway. Albertsons and Safeway Complete Merger Transaction Newly combined private company will operate 2,230 grocery stores in 34 states and the District of Columbia BOISE, ID and PLEASANTON, CA – January 30, 2015– AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. AB Acquisition is controlled by an investor group led by Cerberus Capital Management, L.P. (“Cerberus”), which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. Cerberus Capital Management LP, which controls the Albertsons grocery chain, purchased Safeway, the second-largest U.S. grocery chain, in a deal valued at approximately $9.2 billion. We currently operate nearly 2,273 stores & 399 Fuel Centers in 34 states with 20 banners and have opened over 14 new stores & 12 Fuel Centers over the past 14 months. Use Just4U rewards & coupons to save money on grocery. The merger agreement was unanimously approved by the Board of Directors of Safeway. Merger Closing Paves Way for Enhanced Shopping Experience, “We plan to be the Favorite Local SupermarketTM in every community we serve,” said Safeway President and Chief Executive Officer Robert Edwards, who becomes President and CEO of the newly combined company, effective immediately. The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with over 250,000 employees across 34 states and the District of Columbia. It has also … In 2014, Albertsons purchased Safeway – and in the years since worked to transition to many of Safeway’s back office functionality. Established in 2006, AB Acquisition LLC (“Albertsons”), which operates ACME, Albertsons, Jewel-Osco, Lucky, Shaws, Star Market and Super Saver, and stores under the United Family of stores, Amigos, Market Street and United Supermarkets, is working to become the favorite food and drug retailer in every market it serves. Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway. The merger agreement was unanimously approved by the Board of Directors of Safeway. http://investor.safeway.com, © 2021 Albertsons Companies. Authorized access only. About Safeway Inc. For more information, please visit www.Albertsons.com. Safeway Inc., the second-largest U.S. grocery-store chain, agreed to be bought by Cerberus Capital Management LP’s Albertsons in a deal … Albertsons Companies Acquired Safeway Inc Pleasanton, CA Director, Talent Acquisition 08/2010 to Current. All rights reserved, Albertsons and Safeway Finalize Merger Transaction. Number 8860726. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. In December, the companies announced the sale of 168 stores to four separate buyers, as divestitures required in order to secure U.S. Federal Trade Commission approval of the transaction. AB Acquisition has more than 2,200 stores operating under 18 well-known banners in 33 states and Washington D.C., including Albertson’s, Safeway, Vons, Jewel-Osco, Shaw’s, ACME Markets, Tom Thumb, Randalls, United Supermarkets, Pavilions and Star Market and Carrs. PLEASANTON, CA and BOISE, ID, March 6, 2014 — Safeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC (“AB Acquisition”) will acquire all outstanding shares of Safeway (the “Merger”). Don Day - BoiseDev Editor. Both contingent value rights will be non-transferable and non-tradable. Haggen will purchase the majority, with 146 stores across Arizona, California, Nevada, Oregon and Washington; Associated Wholesale Grocers (AWG) / … Brian Dowling The company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation. Banners will include Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Albertsons, ACME, Jewel-Osco, Lucky, Shaw's, Star Market, Super Saver, United Supermarkets, Market Street and Amigos. Safeway is an American supermarket chain founded by Marion Barton Skaggs in April 1915 in American Falls, Idaho.The chain provides grocery items, food and general merchandise and feature a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops and fuel centers. In January 2015, our parent company, AB Acquisition LLC, and Safeway completed a merger that created one of the largest food and drug retailers in the country, with over 2,300 stores in 35 states and the District of Columbia, and employing approximately 280,000 people. Albertsons parent Cerberus is buying Safeway for more than $9 billion If the deal is approved, the grocer would close in on Kroger as the nation’s biggest. They are expected to form part of its ‘Ultra-premium’ segment, which also includes Pavilions, Star Market, Market Street, Haggen and Andronicos banners. Albertsons Companies Inc. has announced that it has received a claim that its acquisition of Safeway violated terms governing Safeway notes. Unauthorized use of this computer system may subject you to criminal prosecution and penalties. For tax reporting purposes, Safeway intends to report that the fair market values of the contingent value rights at the time of the merger for PDC and Casa Ley are $0.0488 and $1.0149, respectively, per share, based on third party valuations. We will also continue to be active members of our local communities.". Christiane Pelz The company’s common stock previously traded on the New York Stock Exchange (NYSE) under the symbol SWY, and will be delisted from the NYSE as a result of the closing of the merger. Safeway, the second-largest U.S. grocer, will merge with Albertson's, the fifth-largest grocer, which Cerberus bought from SuperValu last year. Don is the founder and publisher of BoiseDev. The merger agreement was unanimously approved by the board of directors of Safeway. “This is a transformative day for both Albertsons and Safeway. March 06, 2014|By Tiffany Hsu Albertsons is making a play for the top spot in the U.S. grocery industry with the purchase of rival Safeway for more than $9 billion in cash and stock. AB Acquisition owns Albertson's LLC and New Albertson's Inc. and is controlled by a Cerberus Capital Management LP-led investor group. "Our combined geographic footprint, vast range of brands and products, and service-oriented staff will enable us to meet evolving shopping preferences.". Banners will include Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Albertsons, ACME, Jewel-Osco, Lucky, Shaw’s, Star Market, Super Saver, United Supermarkets, Market Street and Amigos. Albertsons Companies has acquired 5 companies, including 2 in the last 5 years. Albertsons CEO Bob Miller who will become executive chairman characterized the day as “transformative” for both companies. Leeds a remote team of pharmacist recruiters who support over 1700 pharmacies across 35 states and 15 banners. AB Acquisition is the owner Read the … “Our combined geographic footprint, vast range of brands and products, and service-oriented staff will enable us to meet evolving shopping preferences.”. PLEASANTON, California and BOISE, Idaho – March 6, 2014 – Safeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC (“AB Acquisition”) will acquire all outstanding shares of Safeway (the “Merger”). Now, Safeway has a takeover deal on the table from Albertsons' parent, AB Acquisition. Registered in England and Wales. In December, the companies announced the sale of 168 stores to four separate buyers, as divestitures required in order to secure U.S. Federal Trade Commission approval of the transaction. Due to a large acquisition in the grocery industry, 20 Albertsons and Safeway stores located in Oregon will be acquired by Bellingham-based grocery chain Haggen Food & Pharmacy. The transaction is expected to close in Q4 of 2014, but there is a 21-day period in which Safeway can consider other bids. In addition, in April 2014, Safeway stockholders received a distribution of stock in Safeway’s former Blackhawk Network Holdings, Inc. (NASDAQ: HAWKB) subsidiary valued at approximately $4.02 per Safeway share at the time of the distribution. AB Acquisition is the owner of Albertson’s LLC and New Albertson’s Inc. and is controlled … BOISE, Idaho and PLEASANTON, Calif., Jan. 30, 2015 /PRNewswire/ — AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. Those earlier estimates were $2.38 per share and $2.45 per share, respectively. About Albertsons Subscribe to TIME Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. "This merger creates a unified, strong organization that is dedicated to bringing a better shopping experience to more customers across the country," said Miller, in a statement. The new company will be comprised of three regions and 14 retail divisions, supported by corporate offices in Boise, ID, Pleasanton, CA, and Phoenix, AZ. Safeway-Albertsons Safeway’s parent, AB Acquisition, merged it with Albertson’s in 2015. Supermarket News is part of the Informa Connect Division of Informa PLC. Safeway Inc., which operates Safeway, Vons, Pavilions, Randalls, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $35.1 billion in 2013. Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway. It now has about 2,323 stores and 280,000 workers. Greenhill & Co. has also served as financial advisor to Safeway. Pacific Northwest groceryRead More Albertsons, of Boise, Idaho, is owned by private equity firm Cerberus Capital Management and other investors, which is offering the proposal through its AB Acquisition arm. Still, once again the subject at hand is growth and expansion. “We will do this by knowing, listening to, and delighting our customers; providing the right products at a compelling value; and delivering a superior shopping experience. Kroger is the largest U.S. supermarket chain. The announcement was made Thursday afternoon. Schulte Roth & Zabel LLP served as lead outside legal counsel to Albertsons, Cerberus and the investor group, and Dechert LLP, Schulte Roth & Zabel LLP and Baker Botts LLP served as outside legal counsel on antitrust matters. Thinking of grocery delivery? This time around Albertsons is expanding its reach in Idaho, through the acquisition of Paul’s Market. Under the terms of the merger agreement first announced and unanimously approved by Safeway's Board of Directors in March 2014, AB Acquisition LLC, the owner of … As a result of the completion of the merger transaction, the common stock of Safeway will no longer be listed for trading on the New York Stock Exchange or any other securities exchange. The merger will create a network of 2,230 stores, 27 distribution facilities and 19 manufacturing plants with over 250,000 employees across 34 states and the District of Columbia. albertsons logo.jpg. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-largest supermarket chain in North America after Kroger, which has 2,750 stores. "We plan to be the favorite local supermarket in every community we serve," said Safeway president and CEO Robert Edwards, who becomes president and CEO of the newly combined company, effective immediately, in a statement.