Shares of Safeway (SWY -3.1%) dip after the company downplays chatter that it wants to be taken...

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

Shares of Safeway (SWY -3.1%) dip after the company downplays chatter that it wants to be taken over. On a conference call, CEO Steve Burd says recent buybacks and changes in executive options contracts weren't inspired by the grocery chain operator wanting to look more attractive to an acquirer.