Safeway could have more than one suitor, says Deutsche Bank Deutsche Bank believes either Cerberus or Kroger (KR) could acquire Safeway (SWY) and estimates the valuation range for a deal in the $45-$55 per share range. The firm believes divestitures in a Kroger takeover would significantly exceed divestitures in a Cerberus buyout. Deutsche keeps a Buy rating on shares of Safeway.
Western Union, Kroger extend more than 30-year relationship Western Union (WU) announced the extension of its more than 30-year relationship with The Kroger Co. (KR). This agreement gives customers the ability to send and receive Western Union Money Transfer transactions across the United States or across the globe to more than 200 countries and territories, in minutes. In addition, Customers can purchase money orders and pay their bills at more than 2,300 Kroger Family of Store locations across 34 states.