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Stock Market & Financial Investment News

News Breaks
January 23, 2013
10:42 EDTSWYAnalyst: Metro could use cash to buy some Safeway stores, Financial Post reports
After Canada's Metro Inc. netted about $416M after-tax in the sale of its stake in Alimentation Couche-Tard, Credit Suisse analyst David Hartley outlined several acquisition options it may consider, including the potential to buy the 120 stores of Overwaitea, a supermarket chain owned by Safeway (SWY), reported Financial Post. Hartley said the Safeway option may generate the most value for Metro, but the company would likely need to compromise its debt rating to make such a buy. The Fly notes shares of Safeway are up 5.25% to $19.83 in mid-morning trading. Reference Link
News For SWY From The Last 14 Days
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January 27, 2015
12:49 EDTSWYSafeway agrees to sell 168 stores to settle FTC concerns with Albertsons merger
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January 23, 2015
17:18 EDTSWYHCA Holdings to replace Safeway in S&P 500 as of 1/26 close
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January 15, 2015
05:55 EDTSWYSupermarkets upgraded to Neutral from Cautious at Goldman Sachs
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