AlbertsonsSafewaySam Zell

Zell confirms bid

1 Dec, 2014

Sam ZSam Zellell, head of Chicago-based Equity Group Investments, confirms his interest in acquiring stores to be spun off in the Albertsons-Safeway merger deal.

Obviously, like any deal, it starts with the price. In this particular case, this is a $9 or $10 billion merger of Safeway and Albertsons and this is 140 stores that they were forced to divest. So their focus is on getting the big deal done, which creates an opportunistic environment on taking care of the remnants.

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