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February 21, 2013
12:42 EDTSWYSafeway CEO says REIT structure evaluated, doesn't find 'application' currently
In response to an analyst question on its Q4 earnings conference call, Safeway CEO Steve Burd acknowledged the company evaluated the value of doing a REIT, or Real Estate Investment Trust, "years ago" and "looked at it again" more recently. Burd said the company will likely address that at its upcoming investor conference, but added "we don't find general application for that with our current business." In response to a question about speculation regarding plans to divest its Canadian unit, Burd joked there has been speculation about selling an asset of Safeway "every year that I have been CEO." The CEO said the Canadian asset is "a very good business" but added that the company looks "at all kinds of ways to increase shareholder value."
News For SWY From The Last 14 Days
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April 23, 2014
16:18 EDTSWYSafeway says merger to close in Q4, shareholders to receive $40 per share
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16:16 EDTSWYSafeway reports Q1 EPS 6c, may not compare to consensus 18c
Reports Q1 revenue $8.3B, consensus $8.24B.
15:41 EDTSWYNotable companies reporting after market close
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11:16 EDTSWYSuperValu says investing in price, sees FY15 EBITDA lower than FY14
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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.

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