Kimco to Participate in Safeway Transaction

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM), the nation’s largest owner and operator of neighborhood and community shopping centers, has confirmed its participation as an investor in a Cerberus Capital Management, L.P. led consortium in connection with today's announced execution of a definitive agreement under which AB Acquisition LLC (“AB Acquisition”) will acquire all of the outstanding shares of Safeway (NYSE: SWY).