A world-renowned pianist known for cracking under the pressure of performance sits down to play a concerto before a packed hall. Then he sees the message scrawled in red on his sheet music: "Play one wrong note and you die." The movie almost writes itself.
Private equity firm Cerberus Capital Management has offered to buy Safeway, Inc., the nation's second-largest grocery chain, for a reported $9.4 billion. Cerberus plans to merge Safeway with another grocer, Albertson's.
"Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends," Safeway CEO Robert Edwards said in a statement. "We are excited about continuing this momentum as a combined organization."