<p>Cerberus, a private equity firm which owns Albertson's supermarkets, is still trying to strike a deal to buy Safeway Inc., according to the Wall Street Journal.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Sources told the Journal that Cerberus is offering to pay $9 billion for Safeway, which is about $40 per share, only minimally above its current price point on the New York Stock Exchange.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">At the opening bell today, Safeway (NYSE:SWY) shares were valued at $38.45. Once news of the offer broke, the shares jumped slightly and closed at $39.48 per share.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">As AndNowUKnow has previously reported, Kroger has also expressed interest in buying at least some of Safeway's stores.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">However, so far no deal has been made, and the Wall Street Journal cited "people familiar with the matter," without giving any further details about its sources.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The outcome is still undetermined, and certainly until a final deal is struck Safeway's stock price may be subject to the whims of the rumor mill.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.safeway.com/IFL/Grocery/Home" target="_new"> Safeway </a><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.cerberuscapital.com/" target="_new"> Cerberus Capital Management, L.P. </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
