Safeway buyer Cerberus creates 'powerful new' rival for Kroger Co., analyst says

Kroger foe reaches 2,400 stores in $9 billion deal

A Deutsche Bank analyst says Kroger could lose market share leadership in three cities if Cerberus Capital Management completes its announced acquisition of the Safeway grocery chain.

But the deal also presents some opportunity for Kroger to acquire new stores and grow market share in California.

WCPO Insiders can get a breakdown of the deal announced Thursday.

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