Cerberus Capital Management is close to announcing a deal to acquire Safeway, the supermarket chain, for about $9 billion, according to a person briefed on the matter.
A deal, with a price of about $40 per share, is expected to be announced on Thursday afternoon.
Buying Safeway would add to Cerberus’s portfolio of supermarkets. Last year, the private equity firm acquired some brands of Supervalu, another supermarket chain, for $3.3 billion.
The Wall Street Journal reported earlier that a deal was imminent.
