Drugstore chain says it will buy Albertson’s Inc.

Staff and wire reports MINNEAPOLIS — An investment group led by grocer Supervalu Inc. and drugstore chain CVS Corp. said Monday it will buy Albertson’s Inc., the nation’s second-biggest traditional grocery store chain, for $9.7 billion in cash and stock. Albertson’s stockholders will get $26.29 per share in cash and Supervalu stock. The investment group […]

Albertson’s considering sale of company

The Associated Press BOISE, Idaho — Albertson’s Inc. said Friday it was considering putting itself up for sale as well as other alternatives as the nation’s second-largest supermarket chain contends with sales that have lagged many of its rivals. Its shares surged 11 percent. The company — which operates about 2,500 stores including Albertson’s, Acme, […]

Shareholders overwhelmingly approve Freedom deal

By Gary Gentile LOS ANGELES (AP) — Shareholders of Freedom Communications Inc. overwhelmingly approved a partnership with two investment companies that preserves one of the last family-owned media companies. The deal, announced late Wednesday, allows some family members to cash out their shares. That prospect caused other family members to fear they would lose editorial […]