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Alkaline Water Co. receives initial order from Smith's Food and Drug Stores
SCOTTSDALE, Ariz. — A division of Kroger Co. has placed an initial order for Alkaline88, a bottled water brand produced using a proprietary electrolysis beverage process.
The Alkaline Water Co. announced the order Wednesday, from Smiths Food and Drug Stores, which operates 131 stores in Utah, Nevada, New Mexico, Arizona, Montana, Idaho and Wyoming. Alkaline sells the water in 3-L and 1-gal. sizes.
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Credit Suisse pegs Safeway takeover value at $45 per share or more
NEW YORK — Safeway could fetch an asking price of more than $45 per share, estimated Credit Suisse in a research note issued Thursday.
Shares of Safeway were up slightly by 15 cents to $35.73 in early morning trading.
Responding to a Reuters report on private equity firm Cerberus' interest in the supermarket chain, Credit Suisse research analyst Ed Kelly suggested that a Cerberus-Safeway deal would be compelling for the following reasons: