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Safeway and Albertsons officially merged
It's the end of an era for Safeway and Albertsons, as the companies announced they have completed their merger, ending a nearly year-long process that began in 2014.
AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway. The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.
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Albertsons and Safeway name post-merger leadership team
Boise, Idaho - Albertsons and Safeway Inc. announced the new senior leadership team and division leaders for the combined company that will take effect upon the closing of their proposed merger. The deal is expected to close in a few months.
Safeway president and CEO Robert Edwards will serve as CEO of the combined company and current Albertsons CEO Bob Miller will become executive chairman.
