Jana Reduces Safeway Stake
PLEASANTON, Calif. — Jana Partners, the activist hedge fund which acquired Safeway shares seeking to influence decisions to divest properties, has reduced its stake, it said in a regulatory filing. … Continue Reading →
Tag: Safeway
Safeway VP to Join WISE Board
CHICAGO — Women Impacting Storebrand Excellence has announced that Tonya Herring, Safeway’s vice president of perishables category development, will join its board in 2014. read more Supermarket News
Giant, Safeway Extend Labor Pacts
LANDOVER, Md. — United Food & Commercial Workers Locals 400 and 27 on Tuesday said they agreed to extend their members’ collective bargaining agreement with Giant and Safeway through Dec. … Continue Reading →
Safeway Selling Snack Facility to Annie’s
PLEASANTON, Calif. — Safeway here has agreed to sell a snack manufacturing plant in Joplin, Mo., to Annie’s Inc., Berkeley, Calif., for $ 6 million and the cost of inventory … Continue Reading →
Fitch Expresses Concern for Safeway Credit Profile
CHICAGO — Fitch Ratings here said Wednesday it expects operations at Safeway to continue to be pressured following the closing of the sale of the chain’s Canadian assets earlier this … Continue Reading →
Sobeys Completes Safeway Acquisition
STELLARTON, Nova Scotia — Sobeys here on Monday said it had completed its $ 5.8 billion purchase of Safeway Canada. read more Supermarket News
Safeway Sets Chicago Exit for Dec. 28
PLEASANTON, Calif. — Safeway here said it plans to close all unsold Dominick’s stores and withdraw from the Chicago market by Dec. 28, the day before its fiscal year ends. … Continue Reading →
What is the most likely outcome for Safeway?
It will be acquired in one piece by private equity. It will be divied up among several buyers. Parts of it will be acquired (beyond Canada and Dominick’s), leaving a … Continue Reading →
Safeway Stock Up on Buyout Reports
PLEASANTON, Calif. — Safeway’s stock rose nearly 8.2% Wednesday to $ 35.58 per share following approval by the Canadian Competition Bureau of the sale of its Canadian assets to Empire … Continue Reading →
Cerberus Said Eyeing Safeway
PLEASANTON, Calif. — Safeway has engaged Goldman Sachs to explore a potential private equity takeover of all or part of the company, according to a Reuters report. read more Supermarket … Continue Reading →