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February 27, 2014
06:46 EDTKR, SWYSafeway 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.
News For SWY;KR From The Last 14 Days
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November 27, 2015
08:25 EDTKRKroger December volatility elevated into Q3 and outlook
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November 13, 2015
08:05 EDTKRRoundy's buyout shows Fresh Market undervalued, sayst Jefferies
Jefferies analyst Mark Wiltamuth says Kroger's (KR) acquisition of Roundy's (RNDY) reaffirms his view that The Fresh Market (TFM) is undervalued. Fresh Market shares trade at 6 times EV/EBITDA, below the 6.9 times EV/EBITDA paid by Kroger for Roundy's, and the company has a "superior" margin, free cash flow and growth profile, Wiltamuth tells investors in a research note. With a new CEO exploring strategic options, either a "buyout or a new turnaround effort are brewing" for Fresh Market, the analyst contends. He keeps a Buy rating on the stock with a $29 price target.

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