3 Things You Should Know About Albertsons' Bid for Whole Foods

Three years ago Albertson acquired Safeway for $9 billion, and turned it into the 3rd largest supermarket chain in terms of revenue.
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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.