Seeking Alpha

Safeway -1.8% AH, Jana Partners cuts stake by 10.7%

  • Shares of Safeway (SWYfall 1.8% AH after Jana Partners discloses it has reduced its stake by 10.7% to 4.1% of shares outstanding. (SC13D/A)
  • Update: The fund writes that it has "reduced the size of its investment ... through regular portfolio management activities" and "is highly supportive of the recent steps taken by [Safeway], in particular ... [Safeway's] commitment to exit the Chicago market, plan to ... focus on its core operations, authorization of a significant share repurchase, and plan to review its corporate structure."
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