July 24, 2014 9:22 AM ET

Food and Staples Retailing

Company Overview of Albertsons, LLC

Company Overview

Albertsons, LLC owns and operates a chain of grocery stores. The company offers bathroom foaming cleaners, cakes, pods, baked snack crackers, honey grahams and cheese, recipes, healthy tags, beef products, seafood, seasonal products, ready-made fresh cuts, floral items, and customer favorites, as well as meat and cheese platters, snack, and appetizer trays; and wedding, birthday, everyday cakes, and cupcakes. It also operates a pharmacy that assists customers with adult immunization programs, diabetes care, health screenings, wellness guides, medication indexes, health conditions, and pet medications; provides savings on prescriptions for individuals and families; and offers worker’s compens...

250 East Parkcenter

Boise, ID 83706

United States

Founded in 2006

Phone:

208-395-6200

Fax:

208-395-6349

Key Executives for Albertsons, LLC

Chief Executive Officer
Age: 70
Chief Financial Officer
Age: 62
Chief Operating Officer
Age: 65
President of Southwest Division
President of Southern California Division
Compensation as of Fiscal Year 2014.

Albertsons, LLC Key Developments

Marley Coffee Expands Distribution with Albertsons

Marley Coffee announced that Albertsons is carrying three Marley Coffee products in Texas, Louisiana and Arkansas stores. Albertsons began carrying seven Marley Coffee products in their Intermountain Division stores in February 2014.

Robbins Arroyo LLP Announces Class Action Lawsuit Against Safeway Inc., Albertsons, LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P

Shareholder rights attorneys at Robbins Arroyo LLP announced that the firm filed a class action lawsuit on May 15, 2014, in the U.S. District Court, Northern District of California, Oakland Division on behalf of the shareholders of Safeway Inc. against Safeway, its Board of Directors, Albertson's LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P., for, among other things, violations of sections 14(a) and 20(a) of the U.S. Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder. The complaint arises out of a March 6, 2014 press release announcing that Safeway had entered into a definitive merger agreement with Albertson's, pursuant to which Safeway shareholders would receive, for each Safeway share they own, $32.50 in cash and the right to receive pro-rata distributions of net proceeds from primarily non-core assets, estimated to be worth $3.65 per share. The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated shareholders of Safeway as of March 6, 2014. The named plaintiff is represented by Robbins Arroyo LLP. The named plaintiff alleges that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Safeway shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading preliminary proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Safeway shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

No New Bidders For Safeway In Go Shop Period

Safeway Inc. (NYSE:SWY) has said no rival bidders have come forward during the "go shop" period following the announcement of its agreement to be acquired by Albertsons, LLC. Under the merger agreement, Safeway was permitted to solicit competing offers during a 21-day period, which ended on March 27, 2014. "None of the parties contacted by Safeway during the "go-shop" period by the deadline that they would be interested in pursuing an alternative transaction under the merger agreement," the company said.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 6, 2014
Safeway Inc.
Merger/Acquisition
December 17, 2013
Albertsons, LLC , Stores in Amarillo and Wichita Falls
Merger/Acquisition
September 9, 2013
United Supermarkets, L.L.C.
 

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