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Albertsons Says Interested In Buying Whole Foods

April 24, 2017: 12:00 AM EST
Supermarket owner Albertsons, owned by investment firm Cerberus Capital Management, is reportedly looking at the possibility of buying Whole Foods Market. According to sources, the buyout group has held exploratory talks with bankers regarding a possible bid for Whole Foods; however, no formal bid has been submitted yet. Albertsons' move came two weeks after activist investor Jana Partners said it has acquired a 9-percent stake in Whole Foods and is interested in seeing the grocer, which has a market value of $11.4 billion, a possible takeover target.
James Fontanella-Khan, "Albertsons explores bid for high-end grocer Whole Foods", Financial Times, April 24, 2017, © The Financial Times Limited
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