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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. The merger will create a network that includes more than 2,400 stores, 27 distribution facilities and 20 manufacturing plants with more than 250,000 employees. No closures are expected to result from the merger. Albertson's CEO Bob Miller released the following statement in regards to the merger agreement: