Albertson’s Inc confirmed Friday (20 January) that it has received an offer for the purchase of the entire Company. The offer was received from the same consortium that had previously submitted an offer for the company in December.

After reviewing the new proposal Albertsons said its board of directors had authorised the management and its representatives to enter into negotiations. But the retail company emphasised that there can be no assurances that any transaction will occur as a result of these negotiations, or if one does occur, its terms or timing.

The company also stated that it does not expect to disclose further developments with respect to the proposal unless and until its Board of Directors has approved a definitive transaction or has terminated discussions.

Also on Friday, Supervalu Inc confirmed that it was again part of the consortium in negotiations with Albertson’s. The consortium also includes New York-based investment fund Cerberus Capital Management and Hyde Park, NY-based real estate investment company Kimco Realty.

“There is no guarantee that these discussions will result in a definitive agreement,” Supervalu said in a statement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.