All Posts Tagged Tag: ‘Safeway’

Safeway Sold: Mega Merger With Albertsons

Safeway Inc. began as Skaggs, which opened its first store in 1915 and grew into Safeway in 1926. Safeway grew to be the second-largest U.S. mainstream grocery store operator in the United States, boasting 1,335 stores located throughout the western and central United States. Today, a private equity firm Cerberus Capital Management acquired the company in a deal valued at …

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Safeway Sold for About $9.4 Billion

Safeway Inc., the second largest U.S. grocery store chain, said Thursday it agreed to be acquired by the supermarket chain Albertson’s, which is backed by the private equity firm Cerberus Capital Management, for about $9.4. billion. Albertson’s offer price was $40 per share, which is a little upside overall from current market share prices. Safeway closed at the New York …

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Safeway Buyout Report Continues To Swirl

Talks have been spreading through the Web since Tuesday’s revelation by Reuters about a potential buyout for Safeway Incorporated. The company even saw shares rise on Wednesday as a result of the news. Cerberus Capital Management LP is one private firm considering either a full or partial buyout. For now, the supermarket chain, which is based out of Pleasanton, California, …

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Safeway Inc. Swallows the Poison Pill

When the market closed on Tuesday, Safeway Inc. (NYSE: SWY) shares increased 10.5% ending the day at $30.99. Safeway Inc. is an American based supermarket chain that is currently the second largest grocer franchise only to The Kroger Company (NYSE: KR). Based on the 2010 fiscal year Safeway managed to pull in a whopping $41 billion in estimated sales and …

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Hostile Takeover Prevented By Safeway Thinking Ahead

The grocery store chain, Safeway, devised a plan to ensure survival and prevent hostile takeover after an investor recently acquired a significant chunk of stock from the company. The plan instigated by Safeway is one of a defensive nature, set to go into effect whenever a person or group purchases at least ten percent of the company’s common stock, or …

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