roger's plan to buy rival grocer Albertsons for $24.6 billion would be a relief for Cerberus Capital Management.
The private equity firm, headed by former Trump advisor Stephen Feinberg, has been looking for an exit from its Albertsons investment almost since it first put its money in back in 2006. A back-of-the-envelope calculation shows that Cerberus, which owns about 29% of Albertsons stock, could collect in the neighborhood of $7.1 billion from the sale before factoring in the assumption of debt and reductions for a possible sale of existing stores. That’s assuming regulators approve the merger.
. That value is connected to the company’s stock price and outstanding equity awards as of January 26.. Sankaran, who rose to the top of the organizational chart in September 2021, stands to collect $50 million.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »