Dec. 2, 2013, 4:40 PM
- 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
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