Deals
Zell Confirms Bid for Grocery Stores to Be Shed by Albertsons
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Billionaire investor Sam Zell confirmed he’s interested in snapping up about 140 stores to be divested as Cerberus Capital Management LP acquires Safeway Inc. and merges it with the Albertsons LLC grocery chain.
The forced divestiture presents a “good opportunity,” Zell told Maria Bartiromo during an interview on Fox News this morning. If he’s successful, any such deal would probably be a “one-off” acquisition rather than herald a new investing strategy, Zell said.