Albertsons, Cerberus Ready to Write New Chapter: Bloomberg Deals

Hi, it’s Crystal here in New York. The 16-year tale of grocer Albertsons and private equity firm Cerberus is about to turn another page. Keep reading for my take on the saga, as well as on the rapidly changing grocery industry. Also today, Toshiba faces a setback to its breakup plans, and Chelsea F.C. is now in the hands of the U.K. government.

Today’s top stories

• Goldman Sachs plans to close its operations in Russia.

• Toshiba’s split proposal rejected by proxy firm.

• Cinven to acquire Bayer’s pest-control unit for $2.6 billion.

Grocery upheaval

The story of grocery chain Albertsons comes with multiple ...