Deals
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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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.