Safeway discussing possible sale, shares +4.3% AH


In tandem with its Q4 results, Safeway (SWY) announces it's "in discussions concerning a possible transaction involving the sale of the company."

The company also says it's exploring options for monetizing its 49% stake in Mexican grocery store chain Casa Ley, and has decided to distribute its 37.8M-share, 72.2% stake in Blackhawk Network (HAWK) to shareholders. Blackhawk shares are down 1.2% AH.

Q4 results, PR

Previous: Safeway reportedly open to talks with P-E firms

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Comments (8)
  • AdamDivy
    , contributor
    Comments (413) | Send Message
     
    Go Safeway!!

     

    I'll take some (HAWK) shares, thanks!
    19 Feb 2014, 04:54 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (6379) | Send Message
     
    it is a done deal at $42 per share cash!
    19 Feb 2014, 05:28 PM Reply Like
  • AdamDivy
    , contributor
    Comments (413) | Send Message
     
    Got any more info? Or need to wait till the transcript comes out?
    19 Feb 2014, 05:50 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (6379) | Send Message
     
    Let me rephrase that; It is a done deal between $32 and $42
    19 Feb 2014, 10:26 PM Reply Like
  • 999231
    , contributor
    Comments (7) | Send Message
     
    No its not
    20 Feb 2014, 02:10 AM Reply Like
  • RoyalPhanta
    , contributor
    Comments (23) | Send Message
     
    Safeway already cashed out its best asset, Safeway Canada.
    20 Feb 2014, 03:13 AM Reply Like
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    Company has been losing market share for years to WMT and Kroger, shares propped up via buybacks and asset sales.
    20 Feb 2014, 06:08 AM Reply Like
  • cjrealtor
    , contributor
    Comment (1) | Send Message
     
    This company should be studied as an example at the Harvard Business School regarding how to destroy a company by using poor business practices.
    23 Feb 2014, 02:37 PM Reply Like
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