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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:07 EDTSWYSafeway March calls active on Icahn speculation and Q4 release
Safeway March 22 and 23 calls are active on total call volume of 1,500 contracts (400 puts). March call option implied volatility is at 51, April is at 40, June is at 38; above its 26-week average of 34 according to Track Data. Active call volume suggests traders taking positions for larger price movement following speculation Carl Icahn has taken a stake and the expected release of Q4 results on February 21.
News For SWY From The Last 14 Days
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December 19, 2014
16:23 EDTSWYSupervalu to provide distribution, transition services to Haggen
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16:08 EDTSWYSafeway, Albertsons confirm agreements to sell 168 stores to four buyers
AB Acquisition LLC and Safeway (SWY) announced that they have entered into agreements, subject to approval by the Federal Trade Commission to sell 168 stores across eight states to four buyers: Associated Food Stores will purchase eight stores in Montana and Wyoming; Associated Wholesale Grocers / Minyards will purchase 12 stores in Texas; SUPERVALU (SVU) will purchase two stores in Washington; and Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington. Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies' proposed merger, which was announced in March and is expected to close in January 2015. The purchase agreements with the four buyers are all subject to approval by the FTC. Under the terms of the purchase agreements, the buyers will acquire the stores, equipment and inventory, and they intend to hire most, if not all, of the store employees upon the closing of the purchase of the stores.

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