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What does major market buy mean for Randalls? - The Galveston County Daily News : Biz Buzz / Buzz Blog

October 1, 2014

What does major market buy mean for Randalls?

Posted: Thursday, July 3, 2014 12:30 am | Updated: 9:37 am, Thu Jul 3, 2014.

Check-in lane: Remember those rumors making the rounds in December about Safeway selling Randalls, which operates grocery stores in Galveston and League City? Well, here’s an update that might have gotten away were it not for an astute reader who this week asked whether it was true that major grocery store chain Albertsons is planning to buy Safeway.

Not only is the rumor true, but the news broke in March. That’s when Pleasanton, Calif.-based Safeway and Boise, Idaho-based Albertsons announced a definitive agreement in which AB Acquisition, the parent of Albertsons, would buy Safeway in a transaction that could top more than $9 billion.

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