NEW YORK — Safeway is among companies attractive for a leveraged buyout, according to reports Tuesday citing trading activity and analyst reports. Bank of America Merrill Lynch on Wednesday suggested that bondholders hedge against the risk of an LBO at Safeway by buying credit default swaps. Credit swaps rose at Safeway on Monday and Tuesday, indicating higher investor perception of a credit fault sparked by a debt-financed takeover.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.