Okay, Sears Holdings is cash rich and Edward Lampert, the company's chairman, is looking for something to buy.
Until now, rumors have had it that Mr. Lampert was looking at BJ's Wholesale, Gap Inc., Home Depot, Anheuser-Busch Cos., Manny Moe & Jack, and RadioShack as potential acquisitions.
Now, speculation on the investment web site Briefing.com has raised the possibility that perhaps Sears Holdings might decide to go after Safeway.
Howard Davidowitz, chairman of Davidowitz & Associates, told the Chicago Sun-Times that Mr. Lampert might need an acquisition to satisfy the demands of investors in his hedge fund.
On the Safeway speculation, Mr. Davidowitz believes Sears could benefit from Safeway's food distribution system to supply its Sears Grand and other stores.
Sears Holdings has extended its offer to purchase the remaining 46 percent of shares it does not currently hold of Sears Canada. The Canadian business has called a special shareholders meeting on November 14 to consider the offer.
Discussion Question: What are your thoughts on a possible deal by Sears Holdings to acquire another retail chain, specifically Safeway or another large grocer?