Wall Street is likely to withhold heavy investment in the supermarket industry over the next few years, even if the pace of industry consolidation accelerates, Ed Comeau, managing director for Credit Suisse First Boston, New York, said. Speaking at CSFB's Food & Drug Retailing Conference here, Comeau said consolidation will drive the industry over the next three to five years "because now that valuations are coming down for buyers, some sellers will come around and be more likely to ...
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