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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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April 15, 2014
10:00 EDTSWYSafeway falls 9.9%
Safeway is down 9.9%, or $3.78, to $34.23
April 14, 2014
19:32 EDTSWYBlackhawk completes spin-off from Safeway
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16:07 EDTSWYSafeway completes spin-off of Blackhawk Network Holdings
Safeway completed the distribution to its stockholders of 37,838,709 shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk. The distribution by Safeway was made in the form of a pro rata common stock dividend, of its Class B common stock equity interest in Blackhawk to all Safeway stockholders of record on April 3. Safeway stockholders have received 0.164291 of a share of Blackhawk Class B common stock, in book-entry form, for every share of Safeway common stock held as of the close of business on April 3. No fractional shares of Blackhawk Class B common stock were distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received. Starting on April 15, the when-issued market for Safeway common stock on the New York Stock Exchange, previously trading under the symbol "SWYWI" or "SWY-WI" on certain websites, will no longer be available and the "regular way" market for Safeway will be trading "ex" or, in other words, without the entitlement of the shares of Blackhawk Class B common stock.
April 10, 2014
16:09 EDTSWYSafeway announces receipt of second request from FTC
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April 8, 2014
16:05 EDTSWYSafeway holders to get 0.164291 Blackhawk Class B shares for each Safeway share
Safeway (SWY) announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network (HAWK) held by Safeway. Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3. The distribution will be made on April 14 in the form of a pro rata distribution of all of the 37,838,709 shares of Class B common stock of Blackhawk owned by Safeway to all Safeway stockholders of record on the record date. No fractional shares of Blackhawk Class B common stock will be distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received.
April 7, 2014
06:28 EDTSWYStocks with implied volatility below IV index mean; SWY JCP
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