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Stock Market & Financial Investment News

News Breaks
March 7, 2014
05:41 EDTSWY, KRSafeway $40 per share takeover price too low, says Deutsche Bank
Deutsche Bank views the $40 per share price Cerberus is paying for Safeway (SWY) as too low and notes the deal has a 21 day go-shop period. Deutsche believes Kroger (KR) should bid and continues to think Safeway could fetch a price above $40 per share. The firm has a Buy rating on Safeway.
News For SWY;KR From The Last 14 Days
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August 19, 2014
14:22 EDTKRGabelli liquidates 8.99% stake in Vitacost.com
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August 18, 2014
08:02 EDTKRKroger completes merger with Vitacost.com
Kroger (KR) and Vitacost.com (VITC) announced the successful completion of Kroger's tender offer to purchase all outstanding shares of common stock of Vitacost.com for $8.00 per share in cash. The tender offer expired at 5:00 p.m., Eastern Daylight Time, on August 15, 2014. Kroger expects to complete the acquisition of the remaining eligible Vitacost.com shares not acquired in the tender offer later today through a merger under Section 251h of the General Corporation Law of the State of Delaware. Following completion of the merger, Vitacost.com shares will cease to be traded on the NASDAQ Global Market, which is expected to take effect later today.

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