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Govt. shutdown dings Nash Finch in Q3
Leading food wholesaler Nash Finch said its third quarter sales growth was cut in half as a result of the government shutdown in September.
Total sales increase 3.5% to $1.56 billion during the period ended October 5, but the rate of growth would have been nearly double without the government shutdown which impacted defense department commissaries that are Nash Finch customers.
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Report: Buyout firms eye Safeway
Pleasanton, Calif. – Several buyout firms are reportedly considering attempting a partial or total purchase of Safeway Inc., with Cerberus Capital Management LP among the potential bidders, according to Reuters.
Safeway has retained Goldman Sachs Group Inc. as an advisor, the report said.