Last updated on June 14th, 2024 at 09:11 am
Albertsons Cos. is reportedly exploring buying Whole Foods Market, according to a report from the Financial Times.
Citing the Financial Times and its sources, Business Insider reports that the private equity funds that own Albertsons, including Cerberus Capital Management, “have held talks with bankers regarding a takeover of Whole Foods.”
Earlier this month, it was announced that activist investor Jana Partners had taken a 9 percent stake in Whole Foods and was pushing the Austin, Texas-based grocery chain to consider a sale.
Speculation about possible Albertsons’ takeovers has been high of late, including that the company was looking to merge with Sprouts Farmers Market and purchase grocery cooperative Central Grocers and its Strack & Van Til chain.
