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Stock Market & Financial Investment News

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March 28, 2014
09:07 EDTSWYSafeway announces end of 'go-shop' period
Safeway announced the expiration of the 21-day "go-shop" period pursuant to the terms of the previously announced definitive merger agreement under which AB Acquisition LLC has agreed to acquire all outstanding shares of Safeway. Under the definitive merger agreement, Safeway and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals during the 21-day period that ended at 11:59 pm ET on March 27. None of the parties contacted by Safeway during the "go-shop" period notified Safeway by the deadline that they would be interested in pursuing an alternative transaction under the merger agreement. The parties to the merger agreement currently expect to complete the merger in Q4.
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