Private equity firm Hellman & Friedman is reportedly considering to sell Catalina Marketing Corp. in a deal that could fetch $2 billion to $2.5 billion. Catalina provides customer-driven marketing services to over 25,000 grocery, drug and department stores in the US.
Safeway Inc
Breaking News
Shares of Safeway Inc increased by almost 9% after buyout reports started to circulate.
Sources disclosed to Reuters that Cerberus Capital Management LP and other buyout firms were interested in acquiring Safeway Inc.
Last Tuesday, Jana Partners LLC disclosed its acquisition of 6.2% stake in Safeway Inc. through a regulatory filing.
Shoppers Drug Mart's shareholders had cast an overwhelming vote in favor of Loblaw Co's buyout bid.
Safeway Inc (SWY.N) said on Wednesday it plans to take its Blackhawk Network Holdings Inc gift card and payment services unit public in the first half of next year.
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