Safeway Said to Near $9 Billion Supermarket Sale to Cerberus

Safeway Inc. is near an agreement to be acquired by Cerberus Capital Management LP for about $9 billion, said a person with knowledge of the matter.

Cerberus may pay about $40 a share for Safeway, said the person who asked not to be identified as the information is private. Safeway’s board is meeting to vote on the deal, which may be announced as soon as today, the person said.