Cerberus Reaches Preliminary Agreement To Acquire Safeway Inc.

Cerberus Capitol Management LP announced yesterday that it has reached a preliminary agreement to acquire Safeway Inc. for more than $9 billion. The deal is still subject to approval from Safeway's board and the Federal Trade Commission.

We will continue monitoring the situation closely. In the meantime, we will refrain from jumping to any conclusions.

Our members at Vons, Pavilions and Vons Meat Service Center continue to work under a Collective Bargaining Agreement that protects their jobs, wages, benefits and work rules. The company has an obligation to meet with the UFCW before any changes are made.

We encourage you to stay calm and trust your union. Please don't listen to rumors or spread them. You can rely on us to post accurate information and on our website and on our UFCW Local 1167 faceboook page (UFCWBloomington). If you have a specific question, please ask your union Representative.

Always remember that UFCW Local 1167 is focused on protecting your rights and serving as your voice at the workplace.