Safeway, Albertsons merger moves forward

Safeway (NYSE: SWY) said Friday that no other bidders have emerged during the 21-day "go-shop" period following the announcement of its agreement to be acquired by AB Acquisition, the parent of Albertsons.

Under terms of the agreement, Safeway was permitted to negotiate with other potential bidders until midnight March 27. Safeway said "none of the parties contacted" by the company during that period have notified Safeway they would be interested in pursuing an alternative transaction.

Kroger was thought by some industry observers to be a potential alternative bidder. Story