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Safeway to be bought by Cerberus' Albertsons for $9.2 billion

By Kristen Consillio

LAST UPDATED: 02:39 p.m. HST, Mar 06, 2014

New York-based Cerberus, owner of the Albertsons supermarket chain, said Thursday it is buying the Safeway supermarket chain for $9.2 billion.

The two companies said there will be no store closings as a result of the purchase.

Safeway has 21 stores in Hawaii, including 14 on Oahu.

The company has 1,885 employees in Hawaii.

Safeway marked its 50th anniversary of doing business in Hawaii last year.

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serious wrote:
Wonderful. With a 1 1/2 to 2% profit margin it's almost like rolling the dice in Vegas. Horrible investment. Wait until Walmart turns to super stores!!!
on March 6,2014 | 05:01PM
Nesmith wrote:
I hope new owner will sell local products and not expensive as the old Safeway.
on March 6,2014 | 07:26PM
Nesmith wrote:
$3 Kalei eggs Albertson?
on March 6,2014 | 07:27PM
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