Albertson’s is looking at rekindling talks to sell the business, according to a report in the New York Post.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The move comes after talks to take the company private broke down last month.
The Post said the new discussions are aimed at agreeing a sale in the next few weeks.
Albertson’s confirmed in December that it had terminated all discussions regarding the potential sale of the entire company.
It was unclear why negotiations between investors, who were thought to be close to securing a deal and Albersons board, had fallen through. A consortium – made up of drugstore chain CVS , SuperValu Supermarkets, Cerberus Capital Management and Kimco Realty – had been planning to offer US$9.6bn in cash and stock for the retail group, or about US$26 a share.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
