Whole Foods Markets (WFM) surged following a Financial Times report that Albertsons is considering a takeover. Albertsons is a supermarket operator backed by a U.S. private equity group. Three years ago Albertsons acquired Safeway (SWY) for $9 billion, and turned it into the third-largest supermarket chain in terms of revenue.
READ MORE:Whole Foods Market Stock Surging as Albertsons Explores Bid
This article was written by a staff member of TheStreet.