Safeway sells 11 Dominick's stores in Chicago to Roundy's for $36M

|About: Safeway Inc. (SWY)|By:, SA News Editor

Safeway (SWY) sells 11 Dominick's stores in the Chicago metro area in a cash and lease assumption deal to Roundy's (RNDY) for $36M. Close is expected this month.

Safeway had announced earlier in the year its decision to exit the Chicago market. The supermarket operator continues to actively shop its remaining stores.

Update: In conjunction, Randy has suspended its 5.7% dividend to invest the capital into the Mariano's brand. (8-K)

RNDY +5.7% AH

Safeway PR, Roundy's PR