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February 20, 2014
07:16 EDTWFM, SWYSafeway worth over $40 per share in a buyout, says JPMorgan
JPMorgan believes Safeway (SWY) is worth over $40 per share in a takeout scenario. The firm expects Safeway to be sold after the company said last night it was in discussions regarding a possible sale. JPMorgan also views Safeway's comments regarding its continued build out of its natural/organic offerings as negative for Whole Foods (WFM). The firm has an Overweight rating on Safeway but lowered its price target for shares to $41 from $43.
News For SWY;WFM From The Last 14 Days
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October 2, 2015
11:45 EDTWFMWhole Foods calls active
Whole Foods October weekly 31.5 and 32 calls are active on total call volume of 19K contracts (2K puts). October weekly call option implied volatility is at 40, October is at 35, November is at 40; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
September 28, 2015
08:00 EDTWFMWhole Foods says to cut 1,500 jobs, or 1.6% of workforce, over 8 weeks
Whole Foods Market said in a regulatory filing that as part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure, the company will reduce a number of positions over the next eight weeks. The company estimates the net reduction to be approximately 1,500 jobs, which represents 1.6 percent of its workforce. It anticipates many of the reductions to be managed through natural attrition and expects a significant percentage of affected Team Members will find other jobs from the nearly 2,000 open positions across the company or via new jobs created from the more than 100 new stores in development.Whole Foods Market added over 9,000 new jobs in the past year and created nearly 35,000 over the past five years. "This is a very difficult decision, and we are committed to treating affected Team Members in a caring and respectful manner. We have offered them several options including transition pay, a generous severance, or the opportunity to apply for other jobs. In addition, we will pay these Team Members in full over the next eight weeks as they decide which option to choose." said Walter Robb, co-CEO of Whole Foods Market. "We believe this is an important step to evolve Whole Foods Market in a rapidly changing marketplace."
September 20, 2015
15:44 EDTSWYSafeway recalls cheese trays over possible listeria contamination
Safeway announced it is recalling certain "Flight of Cheese" trays prepared in store at Safeway which may contain recalled Yanni and Gopi brand cheese products due to possible listeria monocytogenes contamination. The products have been sold from Safeway stores in Ontario, Manitoba, Saskatchewan, Alberta and British Columbia. The Canadian Food Inspection Agency is conducting a food safety investigation, which may lead to the recall of other products, according to Safeway. There have been no reported illnesses in Canada associated with the consumption of these products, said the company.

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