Some analysts are suggesting that Kroger Co. submit a rival bid to acquire Safeway, after Safeway announced it had reached an agreement to merge with Albertsons — creating a much bigger rival for Kroger to compete against. “We believe Kroger, with a partner, should join the bidding process,” said Scott Mushkin, an analyst with Wolfe Resear8ch, New York, in a research report. “If Kroger is able to usurp Cerberus at a reasonable $35-$37 per share for the ...
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