- 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
From other sites
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Dec 4, 2014)
at CNBC.com (Nov 18, 2014)
at CNBC.com (Nov 10, 2014)
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