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Whole Foods Rallies on Report That Albertsons Is Mulling Bid

  • Albertsons’ backer, Cerberus, is said to talk with bankers
  • Activist investor Jana kicked off wave of takeover speculation
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Photographer: David Paul Morris/Bloomberg
Updated on

Whole Foods Market Inc. shares rose the most in two weeks after the Financial Times reported that Albertsons Cos. is considering a takeover of the organic grocer.

Cerberus Capital Management, which backs Albertsons, has held preliminary talks with bankers about making a bid, the newspaper said. No formal offer has been extended, according to the Times, which cited unidentified people familiar with the matter.