Publix sells its c-store format PIX to Circle K and Max Arnold & Sons
LAKELAND, Fla. — Publix Super Markets on Tuesday announced its decision to sell PIX, the fuel/C-store concept it began testing in 2001. Circle K Stores, a wholly owned subsidiary of Alimentation Couche-Tard, will purchase 13 sites, of which 11 are located in Florida and two in Georgia.
Max Arnold & Sons, a family-owned company located in Hopkinsville, Ky., that has been in operation for more than 60 years, will purchase the site located in Tennessee.
“We consistently evaluate our business, including the products and services we choose to offer our customers,” stated Publix CEO Ed Crenshaw. “The sale of PIX locations gives us the ability to remain passionately focused on our core business, our customers and the products and services we offer within our grocery retail environment. ”
Reuters: Safeway a target for possible buyout
NEW YORK — All or part of Safeway soon may be a target for a possible buyout, according to a Reuters report published Wednesday morning citing people familiar with the matter.
According to the report, several buyout firms, including Cerberus Capital Management, are exploring a deal for the supermarket chain currently valued at $8 billion.
Safeway is not running an auction; however, executives are aware of the interest and are reviewing options with Goldman Sachs Group, Reuters reported.
WSJ: McKesson preparing to acquire German drug distributor Celesio
NEW YORK — McKesson appears ready to pull the trigger on an offer for German drug distributor Celesio, The Wall Street Journal reported Wednesday.
Citing people familiar with the potential deal, McKesson is valuing Celesio at as much as $5.4 billion.
The acquisition is expected to significantly expand McKesson’s economy of scale, according to the report.