Safeway 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.
Safeway confirms FTC clearance for proposed Albertsons merger Albertsons and Safeway announced that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger which was announced on March 6, 2014. The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores. As previously announced, Albertsons and Safeway entered into agreements to sell such stores to four FTC-approved buyers. Albertsons and Safeway also agreed to settlements with the attorneys general of California, Nevada and Washington. Albertsons and Safeway expect to complete the merger within the next five business days.