HALISTER: Albertsons Said Exploring Bid for Grocer Whole Foods: FT

Albertsons Said Exploring Bid for Grocer Whole Foods: FT

(Bloomberg) -- FT cites two unidentified people familiar.
  • Cerberus Capital, which backs Albertsons, had preliminary talks with bankers on bid for WFM: one person familiar
    • No formal bid yet made
  • WFM hired Evercore to advise on strategic review, which could include exploring sale: one person
  • Previously-reported talks between Albertsons, Sprouts Farmers Market haven’t proceeded: one person
    • Whole Foods shares spike as much as 3.4%; Sprouts Farmers shares quickly drop to session low, down as much as 7.7%, after FT report; Kroger shares tick up slightly
  • Evercore and Albertsons declined to comment to FT; Cerberus and Whole Foods did not immediately return request for comment
  • NOTE: March 20, Albertsons Said to Weigh Merger With Organic Grocer Sprouts 

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ABS US (Albertsons Cos Inc)
WFM US (Whole Foods Market Inc)
137482Z US (Cerberus Capital Management LP)

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