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In the latest chapter surrounding the complex deal between two of the nation’s largest supermarket chains, the Federal Trade Commission has asked Safeway to present additional information and documents (“second request”) in connection with its review of the previously announced merger between Safeway and Albertsons.
Safeway said it was working to provide the documents and information to the FTC, which extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Act until 30 days after it and Albertsons have substantially complied with the request. The second request documents which likely outline how the Pleasanton, Calif.-based grocer intends to comply with antitrust laws as it moves forward with a landmark deal.
Safeway announced on March 6 that it agreed to be acquired by an investor group led by Cerberus Capital Management for more than $9 billion in a transaction that will create a network that includes more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants with more than 250,000 employees.