Albertsons’ quest for a takeover target is not going so well, The Post has learned.
Cerberus Capital-controlled Albertsons, America’s second-largest grocery chain, had approached Sprouts Farmers Market months ago, but Sprouts is now trading at too high a multiple for a transaction to happen, two sources close to the situation said.
Largely due to reports in March that it was in talks with Albertsons, Sprouts saw its shares spike 30 percent, giving it a $3.3 billion market cap.
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