The Financial Times reports that Tuesday is the deadline for any companies or consortia to submit bids to acquire all of Albertsons, the nation’s second largest grocery company. Bids are expected to be in the $16 billion range.
According to FT, “one group expected to bid for the whole company includes Apollo Management, Kohlberg Kravis Roberts and Texas Pacific Group. Another potential buyer for all of Albertsons is likely to be a group composed of Cerberus Capital Management, Kimco Realty and Supervalu, the Minnesota-based supermarket operator and wholesale supplier. A third consortium is expected to include Yucaipa, the investment vehicle of California billionaire Ron Burkle, and Dubai Investment Group. A fourth group, made up of Bain Capital, Warburg Pincus and Thomas H Lee Partners was said to be losing interest and no longer expected to make a bid. Kroger, the largest US supermarket chain, had been contemplating an offer for all of Albertson's but recently decided against such a move. Instead, it could team up with one of the private equity groups, or wait until after a transaction is sealed to buy some properties that the purchaser might want to sell.”
According to FT, “one group expected to bid for the whole company includes Apollo Management, Kohlberg Kravis Roberts and Texas Pacific Group. Another potential buyer for all of Albertsons is likely to be a group composed of Cerberus Capital Management, Kimco Realty and Supervalu, the Minnesota-based supermarket operator and wholesale supplier. A third consortium is expected to include Yucaipa, the investment vehicle of California billionaire Ron Burkle, and Dubai Investment Group. A fourth group, made up of Bain Capital, Warburg Pincus and Thomas H Lee Partners was said to be losing interest and no longer expected to make a bid. Kroger, the largest US supermarket chain, had been contemplating an offer for all of Albertson's but recently decided against such a move. Instead, it could team up with one of the private equity groups, or wait until after a transaction is sealed to buy some properties that the purchaser might want to sell.”
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