Wednesday, December 15, 2010

Safeway, Food Lion and Stop & Shop may bid for A&P stores

From NJ.com: Retailers Safeway, Food Lion, Stop & Shop may bid for A&P supermarket chain after Chapter 11 filing

Perhaps Food Lion and Stop & Shop make sense for certain New Jersey A&P sites (and PA sites as well for Food Lion, which is owned by the same company as Bottom Dollar), but I would think it's a stretch for Safeway, which has plenty of its own troubles. On the other hand, Goldman Sachs just resumed coverage of Safeway and gave it a "buy" rating, so they have a positive view of the company.

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